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 $$14,400.$ They expect to use the Suburban for five years and then sell the vehicle for $$5,700.$ The following expenditures related to the vehicle were also made on July $1,2025$:

The company pays $$2,400$ to GEICO for 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 additional $$2,600$ 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 $22,2025,$ the company pays $$1,600$ for basic vehicle maintenance related to changing the oll, replacing the windshield wipers, rotating the tires, and inserting a new air filter.

$\backslash$table$[[$Requirement$,\backslash$table$[[$General$],[$Journal$]],\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,$\backslash$table$[[$Income$],[$Statement$]],$Balance Sheet$]]$

Prepare the journal entries for transactions. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

Record the closing entry for revenue accounts.

Note: Enter debits before credits.