How can I figure out

RWP$7-1($Algo$)$ Great Adventures Continuing Case $($GL$)$

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 $$15,000.$ They expect to use the Suburban for five years and then sell the vehicle for $$6,000.$ The following expenditures related to the vehicle were also made on July $1,2025$ :

The company pays $$2,550$ to GEICO for a one$-$year insurance policy.

The company spends an extra $$6,000$ to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides.

An additional $$2,750$ 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 $$1,900$ for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter.

Requirement

General Journal General Ledger Trial Balance Income Statement Balance Sheet

Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances.

Record the adjusting entries in the 'General Journal' tab.

Review the adjusted 'Trial balance as of December $31,2025,$ in the 'Trial Balance' tab.

Prepare an income statement for the period ended December $31,2025,$ in the 'Income Statement' tab.

Prepare a classified balance sheet as of December $31,2025$ in the 'Balance Sheet' tab.

Record the closing entries in the 'General Journal' tab.