Tony and Suzle 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 $14,200. They expect to use the Suburbon for five years and then sell the vehicle for $5,600. The poilowing expenditures related to the vehicle were also made on July 1, 2022: - The company pays $2,350 to GEICO for a one-year insurance policy. - The company spends an extra $5,200 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides: - An additional $2,550 is spent on a deluxe roof rack and a traller 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 $1,500 for basic vehicle maintenance related to changing the oll, replacing the wind5hield 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 prepare the jou Prepace the journal entries for transactions. (If no entry is required for a transactionvevent, seioct "Nia Jaurnat Entiy liequired" in the firat. account field.) Journal entry worksheet 5 Record the expenditures related to the vehicle on July 1, 2022, Note: The capitalized cost of the vehicle is recorded in the Equipment account. Bh Entre debits before credits. Prepare the journal entries for transactions, (If no entry is required for a transoctionvevent, select "tho Journal Entry Roquired" in the first account field.) Journal entry worksheet 56 Record the expenditure related to vehicle maintenance on October 22, 2022. Noten Entor dehita before credits. Prepare the joumal entries for transactions. (If no entry is requined for a transaction/event, select "No Joutnal Entry fitequired"in the firat. account fiald.? Journal entry worksheet Nhate finter aebits before credit. Prepare the journal entries for transactions. (If no entry is required for a transactionvevent, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Motei Eniter debits hefare credits. Prepare the journal entries for transactions. (If no entry is required for a transactonvevent, select "No Journai Entry Required" in the first account field.) Journal entry worksheet Record the closing entry for revenue accounts. Notej Enter debils befort credits. Prepare the journal entries for transactions. (If no entry is required for o transoction/event, select "No Journel Entry Required" in the. firgt. account field.) Journal entry worksheet
