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, 2022, 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 1,2022 : - 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 Adventures. In addition, on October 22,2022 , the company pays $2,000 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter. 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 Record the expenditures related to the vehicle on July 1, 2022. Note: The capitalized cost of the vehicle is recorded in the Equipment account. Note: Enter debits before credits. Journal entry worksheet Record the expenditure related to vehicle maintenance on October 22, 2022. Note: Enter debits before credits. Record the depreciation for vehicle purchased. Use straight-line depreciation. Note: Enter debits before credits. Record the expiration of prepaid insurance. Note: Enter debits before credits. Record the closing entry for revenue accounts. Note: Enter debits before credits