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Required information [The following information applies to the questions displayed below) Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants

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Required information [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 $15,400. They expect to use the Subur then sell the vehicle for $6,200. The following expenditures related to the vehicle were also made on July 1, 2022 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 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, 2022, 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 Required information Record the expenditures related to the new vehicle. Note: Enter debits before credits. General Journal Debit Credit Date Jul 01, 2022 . Record entry Clear entry View general jou Record the expenditure related to vehicle maintenance. Note: Enter debits before credits. General Journal Debit Credit Date Oct 22, 2022 Record entry Clear entry View general jour . . . . Adventures. In addition, on October 22, 2022, the company pays changing the oil, replacing the windshield wipers, rotating the time 3. Prepare a depreciation schedule using the straight-line method. GREAT ADVENTURES End of Year Amounts Depreciation Accumulated Expense Depreciation Year Book Value 2022 2023 2024 2025 2026 2027 Total 19 20 21 Prey Required information Record the depreciation expense for the vehicle. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2022 Record entry Clear entry View general jo

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