Required information RWP7-1 (Algo) Great Adventures Continuing Case [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 $15,400. They expect to use the Suburban for five years and then sell the vehicle for $6,200. The following expenditures related to the vehicle were also made on July 1, 2025: - The company pays $2,650 to GEICO for a one-year insurance policy. - The company spends an extra $6,400 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides: - An additional $2,850 is spent on a deluxe roof rack and a traller 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 $2,100 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter. Answer is not complete. \begin{tabular}{|c|c|c|c|c|} \hline No & Date & General Joumal & Debit & Credit \\ \hline 1 & July 01, 2027 & Loss & & \\ \hline & & Accumulated Depreciation & & \\ \hline & & Cash & & \\ \hline & & Equipment & & \\ \hline \end{tabular} 1 Record the sale of equipment. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|} \hline Date & General J & & Debit & Credit \\ \hline July 01, 2027 & Loss & 7 & & \\ \hline & Accumulated Depreciation & & & \\ \hline & Cash & & & . \\ \hline & Equipment & & & \\ \hline & & & & \\ \hline \end{tabular} Required information RWP7-1 (Algo) Great Adventures Continuing Case [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 $15,400. They expect to use the Suburban for five years and then sell the vehicle for $6,200. The following expenditures related to the vehicle were also made on July 1, 2025: - The company pays $2,650 to GEICO for a one-year insurance policy. - The company spends an extra $6,400 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides: - An additional $2,850 is spent on a deluxe roof rack and a traller 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 $2,100 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter. Answer is not complete. \begin{tabular}{|c|c|c|c|c|} \hline No & Date & General Joumal & Debit & Credit \\ \hline 1 & July 01, 2027 & Loss & & \\ \hline & & Accumulated Depreciation & & \\ \hline & & Cash & & \\ \hline & & Equipment & & \\ \hline \end{tabular} 1 Record the sale of equipment. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|} \hline Date & General J & & Debit & Credit \\ \hline July 01, 2027 & Loss & 7 & & \\ \hline & Accumulated Depreciation & & & \\ \hline & Cash & & & . \\ \hline & Equipment & & & \\ \hline & & & & \\ \hline \end{tabular}