WP7-1 (Algo) Great Adventures Continuing Case (GL) ony 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 $15,200. They expect to use the Suburban for five years and then sell the vehicle for $6,100. The ollowing expenditures related to the vehicle were also made on July 1,2025 : - 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 22,2025 , 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 fitter. Prepare the journal entrles for transactions. (tf no entry is cequired for a trankaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the depreciation for vehicte purchased. Use straight-line depreciation. Wotes tinter debas before credses