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RWP7-1 (Algo) Great Adventures Continuing Case (GL) Tony ana Suzle see the need for a rugged ailterrath vehicle to transport participants and supplies. They decide

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RWP7-1 (Algo) Great Adventures Continuing Case (GL) Tony ana Suzle see the need for a rugged ailterrath vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1, 2025, for $14.400. They expect to use the Suburban for five years and then sell the vehicle for $5,700 The foliowing expenditures related to the vehicle were aiso made on July 1,2025 : - The company pays $2,400 to ceico fot a one-year insurance policy. - The company spends an extra $5,400 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides - An odotional \$2,600 is spent on a deluxe roof rack and a traller hitch The painting, roof rack, and nitch are all expected to increase the future benefits of the vehicle for Great Adventures in addition, on October 22, 2025, the company pays $1,600 for basic vehicle maintenance related to changligg the oll, replacing the windshield Whers, rotating the tires, and inserting a new ait fiter Fregare the joumal entres for transactions, (it no entry ia required for a transachonvevent, zelect "No Soumal Latry flequired" io the first scowint Eeld. Journal entry worksheet 3456 Record the expenditure related to vehicle maintenance on October 22, 2025. Note: Enter debits before credits. Journal entry worksheet 1 4 5 6 Record the depreciation for vehicle purchased. Use straight-line depreciation. Notes Enter debits before credits. Journal entry worksheet (1) 2 5 Record the expiration of prepaid istirance. Notel Entoi debith before credits. Journal entry worksheet 1 2 3 4 6 Record the dosing entry for revenue accounts. Noten Eriter debits before credits. Journal entry worksheet (1) 2345 Record the dosing entry for expense accounts. Notas Hieer debits belore tredots. Unadjusted GREAT ADVENTURES, INCORPORATED Income Statement For the Period Ended December 31, 2025 Unadjusted

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