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Required information RWP7-1 (Algo) Great Adventures Continuing Case [The following informotion opplies to the questions disployed below.] Tony and Suzie see the need for a
Required information RWP7-1 (Algo) Great Adventures Continuing Case [The following informotion opplies to the questions disployed below.] Tony and Suzie see the need for a rugged oll-terrain vehicle to trensport porticipants and supplies. They decide to purchase s used Suburbon on July 1,2025 , for $12,600. They expect to use the Suburbon for five yeers ond then sell the vehicle for $4,800. The following expenditures releted to the vehicle were olso made on July 1,2025 : - The compeny poys $1,950 to GE/CO for one-yeor insurance policy. - The compeny spends an extro $3,600 to repoint the vehicle, placing the Great Adventures logo on the front hood, bock, and both sides. - An additionel $2,150 is spent on a deluxe roof rack and a trailer hitch. The painting, roof rack, and hitch are oll expected to incresse the future benefits of the vehicle for Great Aoventures. In addition, on October 22 , 2025, the company pays $700 for besic vehicle maintenence related to changing the oil, replacing the windshield wipers, rotating the tires, ond inserting s new air filter. RWP7-1 (Algo) Great Adventures Continuing Case Part 4 4. Record the depreciation expense and any other adjusting entries related to the vehicle on December 31,2025 . (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Required information RWP7-1 (Algo) Great Adventures Continuing Case [The following informotion opplies to the questions disployed below.] Tony and Suzie see the need for rugged oll-terrsin vehicle to trensport porticipants and supplies. They decide to purchose a used Suburbon on July 1, 2025, for $12,600. They expect to use the Suburbon for five years and then sell the vehicle for $4,800. The following expenditures related to the vehicle were also msde on July 1,2025 : - The compeny pays $1,950 to GE/CO for a one-year insurance policy. - The compsny spends an extro $3,600 to repoint the vehicle, placing the Great Adventures logo on the front hood, bock, and both sides. - An additional $2,150 is spent on a deluxe roof rack and trailer hitch. The painting, roof rack, and hitch are oll expected to incresse the future benefits of the vehicle for Great Adventures. In addition, on October 22 , 2025, the company pays $700 for bosic vehicle maintensnce related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting o new air filter. RWP7.1 (Algo) Great Adventures Continulng Case Part 4 4. Record the depreciation expense and any other adjusting entries related to the vehicle on December 31,2025 . (If no entry Is required for a transaction/event, select "No Journal Entry Required" In the first account field.) Journal entry worksheet Record the expiration of prepaid insurance. Mobe: Enter det os befure erentith. Required information RWP7-1 (Algo) Great Adventures Continuing Case [The following informotion opplies to the questions disployed below.] Tony and Suzie see the need for a rugged oll-terrain vehicle to trensport porticipants and supplies. They decide to purchase s used Suburbon on July 1,2025 , for $12,600. They expect to use the Suburbon for five yeers ond then sell the vehicle for $4,800. The following expenditures releted to the vehicle were olso made on July 1,2025 : - The compeny poys $1,950 to GE/CO for one-yeor insurance policy. - The compeny spends an extro $3,600 to repoint the vehicle, placing the Great Adventures logo on the front hood, bock, and both sides. - An additionel $2,150 is spent on a deluxe roof rack and a trailer hitch. The painting, roof rack, and hitch are oll expected to incresse the future benefits of the vehicle for Great Aoventures. In addition, on October 22 , 2025, the company pays $700 for besic vehicle maintenence related to changing the oil, replacing the windshield wipers, rotating the tires, ond inserting s new air filter. RWP7-1 (Algo) Great Adventures Continuing Case Part 4 4. Record the depreciation expense and any other adjusting entries related to the vehicle on December 31,2025 . (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Required information RWP7-1 (Algo) Great Adventures Continuing Case [The following informotion opplies to the questions disployed below.] Tony and Suzie see the need for rugged oll-terrsin vehicle to trensport porticipants and supplies. They decide to purchose a used Suburbon on July 1, 2025, for $12,600. They expect to use the Suburbon for five years and then sell the vehicle for $4,800. The following expenditures related to the vehicle were also msde on July 1,2025 : - The compeny pays $1,950 to GE/CO for a one-year insurance policy. - The compsny spends an extro $3,600 to repoint the vehicle, placing the Great Adventures logo on the front hood, bock, and both sides. - An additional $2,150 is spent on a deluxe roof rack and trailer hitch. The painting, roof rack, and hitch are oll expected to incresse the future benefits of the vehicle for Great Adventures. In addition, on October 22 , 2025, the company pays $700 for bosic vehicle maintensnce related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting o new air filter. RWP7.1 (Algo) Great Adventures Continulng Case Part 4 4. Record the depreciation expense and any other adjusting entries related to the vehicle on December 31,2025 . (If no entry Is required for a transaction/event, select "No Journal Entry Required" In the first account field.) Journal entry worksheet Record the expiration of prepaid insurance. Mobe: Enter det os befure erentith
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