RWP7-1 (Algo) Great Adventures Continuing Case (GL) 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 $15,200. They expect to use the Suburban for five years and then sell the vehicle for $6,100. The following expenditures related to the vehicle were also made on July 1,2025: - The company pays $2,600 to GEICO for a one-year insurance policy - The company spends an extra \$6,200 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2,800 is spent on a deluxe roof rack and a trafler hitch. The painting. roof rack, and hitch are ail expected to increase the future benefits of the vehicle for Great Adventures. In addition, on October 22,2025 , the company pays $2.000 for basic vehicle maintenance related to changing the oll, replocing the windshield wipers, rotating the tres, and inserting a new air fitter. Drepare the Journal entries for transactions. (If no entiy is requited for a transactionvevent, select 7io bournal Entry Required" in the firat account field.) Journal entry worksheet Record the depteciation for yehide purchased, Use straifhtt-line depreciation. Wete: Enter dabits before aredta