comprehensive probelem Accounting

Record the expenditure related to vehicle maintenance. Note: Enter debits before credits. Record the expiration of prepaid insurance. Note: Enter debits before credits. Record the sale of equipment. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|} \hline Date & General Journal & Debit & Credit \\ \hline \multicolumn{4}{|l|}{ July 01, 2027 . } \\ \hline & 8 & & \\ \hline & & & \\ \hline & & & \\ \hline & & & z \\ \hline & & & \\ \hline \end{tabular} Record the depreciation expense for the vehicle. Note: Enter debits before credits. Record the expenditures related to the new vehicle. Note: Enter debits before credits. RWP7-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed below.] Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1,2025 , for $16,000. They expect to use the Suburban for five years and then sell the vehicle for $6,500. The following expenditures related to the vehicle were also made on July 1, 2025: - The company pays $2,800 to GEICO for a one-year insurance policy. - The company spends an extra $7,000 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $3,000 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 $2,400 for basic vehicle maintenance related to changing the oll, replacing the windshield wipers, rotating the tires, and inserting a new air filter. RWP7-1 (Algo) Great Adventures Continuing Case Part 3 3. Prepare a depreciation schedule using the straight-line method