questions are all linked together
! 5 Part 1 Required information Great Adventures Problem AP7.1 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, 2022, for $13,800. They expect to use the Suburban for five years and then sell the vehicle for $5400 The following expenditures related to the vehicle were also made on July 1 2022 2.85 points . The company pays $2.250 to GEICO for a one year Insurance polley The company and an extra 54,800 to repaint the vehicle placing the Great Adventures logo on the front hood, back, and both sides . An additional $2.450 e spent on a deluxe roof rack and a trailer hitch The painting, roof rack, and nich are expected to increase the future benefits of the vehicle for Great Adventures, in addison, on October 22, 2022, the company pays $1300 for basic vehicle maintenance related to changing the ol replacing the windshield wipers, rotating the tires and inserting a new writer Great Adventures Problem AP7-1 Part 1 Required: 1. Record the expenditures related to the vehicle on July 2022 Nobel The cated cost of the vehicles recorded in the Equipment account of no entry is required for transaction event, select "No Journal Entry Required in the first account field M 5 Required information 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 of no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Part to View transaction et Journal entry worksheet 2.85 Dont > Record the expenditures related to the new vehide betreure General Journal Dale 201, 2022 Debit Credit Record entry Clasantry View general Journal M GE O 6 Part 20 Required information Great Adventures Problem AP7-1 The following information apolles 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 2022 for $13,000. They expect to use the Suburban forve years and then sell the vehicle for $5,400. The following expenditures related to the vehicle were also made on July 2022 2.85 points The company pays $2,250 to GEICO for a one-year insurance policy The company spends on extra $4,000 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides An additional $2450 is spent on a deluxe roof rack and a trailer hitch The painting roof rack and hech are all expected to increase the future benefits of the vehicle for Great Adventures in addition, on October 22, 2022, the company pays $1.300 for basic vehicle maintenance related to changing the oil replacing the windshield wipers, rotating the times and inserting a new after Great Adventures Problem AP7-1 Part 3 3. Prepare a depreciation schedule using the straight line method GREAT ADVENTURES End of Year Amounts Derection de La An additional $2.450 is spent on a deluxe roof rack and a trailer hitch, 6 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, 2022, the company pays $1,300 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter Part 2 of 3 Great Adventures Problem AP7-1 Part 3 2.85 points 3. Prepare a depreciation schedule using the straight line method boed GREAT ADVENTURES End of Year Amounts Depreciation Accumulated Expense Depreciation edoon Year Hook Value Prir 2022 2023 2024 2026 2020 2007 Total 0 ME G 0 7 Part 3 of 3 Required information Great Adventures Problem AP71 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 2022, for $13,800. They expect to use the Suburban for five years and then sell the vehicle for $5,400. The following expenditures related to the vehicle were also made on July 1, 2022 29 points Sked . The company pays $2,250 to GEICO for a one year insurance policy The company spends an extra $4,800 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. An additional $2,450 is spent on a deluxe roof rack and a trailer hitch The painting, roof rack, and bach are all expected to increase the future benefits of the vehicle for Great Adventures, in addition, on October 22, 2022, the company pays $1300 for basic vehicle maintenance related to changing the ol. replacing the windshield wipers, rotating the tires, and inserting a new alter Great Adventures Problem AP7-1 Part 4 4. Record the depreciation expense and any other adjustments related to the vehicle on December 31 2022. (if ne entry is required for a transaction/event, select "No Journal Entry Required in the first account field) View transactions Record the depreciation expense for the vehicle who im Roc att before the Date General Journal Dubit Credit Dec 31, 2022 Record antry Clear entry View general Journal ME Gram
