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balance sheet and income statement needed as well. please help!!!! Journal entry worksheet Record the closing entry for revenue accounts. Note: Enter debits before credits.

balance sheet and income statement needed as well. please help!!!! image text in transcribed
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Journal entry worksheet Record the closing entry for revenue accounts. Note: Enter debits before credits. Journal entry worksheet Record the expiration of prepaid insurance. Note: Enter debits before credits. Journal entry worksheet Record the closing entry for expense accounts. Note: Enter debits before credits: Journal entry worksheet Record the depreciation for vehicle purchased. Use straight-line depreciation. Note: Enter debits before credits. Record the expenditure related to vehicle maintenance on October 22, 2025. Note: Enter debits before credits. Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase o used Suburban on July 1,2025, for $14,200. They expect to use the Suburban for five years and then sell the vehicle for $5.600. The following expenditures related to the vehicle were also made on July 1, 2025: - The company pays $2,350 to GEICO for a one-year insurance policy. - The company spends an extra $5,200 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2,550 is spent on a deluxe roof rack and a trailer hitch. The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Adventures, In addition, on October 22,2025 , the company pays $1,500 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter. Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2356 Record the expenditures related to the vehicle on July 1, 2025. Note: The capitalized cost of the vehicle is recorded in the Equipment account. Note: Enter debits before credits. Journal entry worksheet Record the closing entry for revenue accounts. Note: Enter debits before credits. Journal entry worksheet Record the expiration of prepaid insurance. Note: Enter debits before credits. Journal entry worksheet Record the closing entry for expense accounts. Note: Enter debits before credits: Journal entry worksheet Record the depreciation for vehicle purchased. Use straight-line depreciation. Note: Enter debits before credits. Record the expenditure related to vehicle maintenance on October 22, 2025. Note: Enter debits before credits. Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase o used Suburban on July 1,2025, for $14,200. They expect to use the Suburban for five years and then sell the vehicle for $5.600. The following expenditures related to the vehicle were also made on July 1, 2025: - The company pays $2,350 to GEICO for a one-year insurance policy. - The company spends an extra $5,200 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2,550 is spent on a deluxe roof rack and a trailer hitch. The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Adventures, In addition, on October 22,2025 , the company pays $1,500 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter. Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2356 Record the expenditures related to the vehicle on July 1, 2025. Note: The capitalized cost of the vehicle is recorded in the Equipment account. Note: Enter debits before credits

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