Question: i already pay for this app that can do it RWP7-1 (Algo) Great Adventures Continuing Case (GL) Tony and Suzie see the need for a




RWP7-1 (Algo) Great Adventures Continuing Case (GL) 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, 202.5. 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 1,2025: - The company pays $2,600 to GEiCO for a one-year insurance policy. - The company spends an extra S6,200 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 tralier hatch. 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 insetting a new air fliter 1. Mecord exch of the transactions listed above in the 'General Journal' tab. Roview the 'General Ledger' and the 'Trial Iilalance' tobs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General joumal' tab. 3. Review the adjusted 'trial balance as of December 31 , 2025, in the 'Trial nalance' tab. 4. Prepare an incceme statement for the period ended December 31, 2025, in the 'income statement' tab. 5. Prepare a dassified balance sheet as of December 11,2025 in the 'Balance sheet' tab. 6. Flecord the closing entries in the 'General lournal' tab. RWP7-1 (Algo) Great Adventures Continuing Case (GL) 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 $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 1,2025: - The company pays $2,600 to GEICO for a oneyear 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 entries for transactions. (if no entry is required for a transaction/event, selict 'wo Journal Entry Required" in the first. accoont field.) Journal entry worksheet Record the depreciation for yehicle purchased, Use straight-line depreclation. RWP7-1 (Algo) Great Adventures Continuing Case (GL) 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 $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, 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 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 RWP7-1 (Algo) Great Adventures Continuing Case (GL) 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 $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 1,2025: - 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 oll, replacing the windshield wipers, totating the tires. and inserting a new air fiter. 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 closing entry for revenue accounts. Notes titer debis before crefies. RWP7-1 (Algo) Great Adventures Continuing Case (GL) 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 $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, 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 traler 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 filter. Prepare the journal entries for transactions. (If no entry ts required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the closing entry for expense accounts. Noter Enter debits before credits
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