- 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 trailer hitch. The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Adventuros. In addition, on October 22,2025 , the company pays $2,000 for basic vehicle maintenance telated to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air fitter. Journal entry worksheet Record the expenditures related to the vehicle on July 1, 2025. Note: The capitalized cost of the vehicle is recorded in the Equipment account. Note: Enter debits before credits. itures i Saved \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Allowance for Uncollectible Accounts } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 4,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Equipment } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 101,480 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Accumulated Depreciation } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & July 01 & & & 32,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Accounts Payable } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & July 01 & & & 24,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{3}{|c|}{\( \mid \multicolumn{3}{|c|}{ \) Interest Payable }} \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 1,550 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Long-term Notes Payable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 62,000 \\ \hline \multicolumn{5}{|c|}{ Rotained Earnings } \\ \hline \multicolumn{1}{|c|}{ Date } & Debit & Credit & Balance \\ \hline No. & Daly 01 & & & 37,450 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Incorne Tax Payable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 16,100 \\ \hline & & & \\ \hline & & Common Stock & \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 26,960 \\ \hline & & & \\ \hline & & Service Revenue & \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 52,500 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Sales Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 164,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Interest Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 200 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{5}{|c|}{ Sales Discounts } \\ \hline No. & Date & Deblt & Credit & Balance \\ \hline & & & & 510 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} No. & Uate & veoit & Lreait & \multicolumn{1}{|c|}{ Baiance } \\ \hline & July 01 & & & 52,500 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|r|} No. & vate & vedit & creait & Baiance \\ \hline & July 01 & & & 164,0 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{} \\ \multicolumn{5}{|c|}{ Interest Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 200 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|r|} \hline \multicolumn{5}{|c|}{ Sales Discounts } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 5 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Cost of Goods Sold } \\ \hline No. & Date & Debit & Credit & Bitance \\ \hline & & & & 60,420 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Depreciation Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 24,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Supplies Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 2,100 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Rent Expense } \\ \hline No. & Dato & Dobit & Credit & Balance \\ \hline & July 01 & & & 4,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Income Tax Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 16,100 \\ \hline \end{tabular} Post-closing Trial Balance Post-closing The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is repor on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on you