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Tony and Suzle see the need for a rugged all-terrain vehide to transport participants and supplies. They decide to purchase a used Suburban on July

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Tony and Suzle see the need for a rugged all-terrain vehide to transport participants and supplies. They decide to purchase a used Suburban on July 1.2025, for $12,400 They expect to use the Suburban for five years and then sell the vehicle for $4700. The following expenditures related to the vehicle were also made on July 1,2025: - The company pays $1,900 to GEICO for a one.year insurance policy. - The company spends an extra $3,400 to repaint the vehucle, placing the Great Adventures logo on the front hood, back, and both sldes: - An additionai $2100 is spent on a deluxe roof rack and o valler hitch. The painting, roof rack, and hich are ali expected to increase the future benefits of the vehicle for Great Adventures, in addition, on October 22,2025 , the company pays $600 for basic vehicle mointenance related to changing the oil, replocing the windshield, wpers. rotating the tires; and inserting onew air fiter Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry account field.) Journal entry worksheet Recond the expenditure ralated to vehicle maintenance on October 22,2025 . Note: Enter debits before credits. Prepare the journal entries for transactions, (If no entry is required for a transaction/event select "No Journal Entry Required" first account field.) Journal entry worksheet (1) 2 (3) 4 5 6 Record the closing entry for expense accounts. Noten Enser debits before credits. Prepare the journal enitries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Req account field.) Journal entry worksheet 6 Record the deprnciation for vehicle purchased. Use straight-line depreciation. Natel Enter ces is before costa. Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journa) Entry Required" in sccount fieldid Journal entry worksheet Record the expendicures felased to the vehicle on July 1, 2025. Noter The capitslifed cost of the vehicle is recorded in the Equipment account. Prepare the journal enitries for transactions. (If no entry is required for a transaction/event, select "No jour account field.) Journal entry worksheet Notes: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Re secount fieldh) Journal entry worksheet Record the elosing entry for revenue accounts

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