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Outdoor Adventures sees the need for a rugged all-terrain vehicle to transport camping participants and supplies. The company decides to purchase a used Suburban on

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Outdoor Adventures sees the need for a rugged all-terrain vehicle to transport camping participants and supplies. The company decides to purchase a used Suburban on July 1, 2022, 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, 2022 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 Outdoor 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 Outdoor Adventures. In addition, on October 22, 2022, the company pays $2,400 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new alr filter. 2. Record the expenditure related to vehicle maintenance on October 22, 2022. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the expenditure related to vehicle maintenance Note: Enter debits before credits General Journal Date Oct 22, 2022 Debit Credit

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