RWP7.1 (Algo) Great Adventures Continuing Case (GL) Tony and Suse see the need for a rugged atitertain vehicle to tansport participants and supplies. They decide to purchase a used Suburban on July 1,2025, for $12,600. They expect to use the Sububan for five years and then sed the vericle for $4,800. The (ollowing expendtures reisted to the vehicle were also made on July 1,2025. - The compary pwys $1,950 to Geico for a one-yese insueance policy - The company spends an extra 53,600 to repaint the weticle, placing the Grest Adveetures logo on the front hood, back, and both sides. - An additionai $2,350 is spent on a delure rool rack and a traler hitch The pirting. roof eack, and hitch are at expected to increase the future benefits of the vehicle for Great Adventutes. In addifiori on October 22,2025, the compony poys $700 for basic vehicle maintenance colated to changing the oll replacing the windshiefd wipers. rotating the tices, and inserting o new air eltec F The balance sheet is the accounting equation: Assets = Llabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. RWP7.1 (Algo) Great Adventures Continuing Case (GL) Tony and Suse see the need for a rugged atitertain vehicle to tansport participants and supplies. They decide to purchase a used Suburban on July 1,2025, for $12,600. They expect to use the Sububan for five years and then sed the vericle for $4,800. The (ollowing expendtures reisted to the vehicle were also made on July 1,2025. - The compary pwys $1,950 to Geico for a one-yese insueance policy - The company spends an extra 53,600 to repaint the weticle, placing the Grest Adveetures logo on the front hood, back, and both sides. - An additionai $2,350 is spent on a delure rool rack and a traler hitch The pirting. roof eack, and hitch are at expected to increase the future benefits of the vehicle for Great Adventutes. In addifiori on October 22,2025, the compony poys $700 for basic vehicle maintenance colated to changing the oll replacing the windshiefd wipers. rotating the tices, and inserting o new air eltec F The balance sheet is the accounting equation: Assets = Llabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection