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Required information RWP 7 - 1 ( Algo ) Great Adventures Continuing Cas [ The following information applies to the questions displayed below. ] Tony

Required information
RWP7-1(Algo) Great Adventures Continuing Cas
[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 $13,400. They expect to use the Suburban for five years and then sell the vehicle for $5,200. The following expenditures related to the vehicle were also made on July 1,2025 :
The company pays $2,150 to GEICO for a one-year insurance policy.
The company spends an extra $4,400 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides.
An additional $2,350 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 $1,100 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter.
RWP7-1(Algo) Great Adventures Continuing Case Part 2
2. Record the expenditure related to vehicle maintenance on October 22,2025.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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