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 air filter Required: 1. Record the expenditures related to the vehicle on July 1, 2022. Note: The capitalized cost of the vehicle is recorded in the Equipment account. (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 Record the expenditures related to the new vehicle. Note: Enter debits before credits Date General Journal Debit Credit