Question: Please help :) Great Adventures Problem AP7-1 (GL) Tony and Suzie see the need for a rugged all-terrain vehicle to tt port participants and supplies.

Please help :) Please help :) Great Adventures Problem AP7-1 (GL) Tony and Suzie see

Great Adventures Problem AP7-1 (GL) Tony and Suzie see the need for a rugged all-terrain vehicle to tt port participants and supplies. They decide to purchase a used Suburban on July 1, 2022, for $15,800. They expect to use the : urban for five years and then sell the vehicle for $6.400. The following expenditures related to the vehicle were also made on July 1,2022 - The company pays $2750 to GElCO for a one-year insurance policy, - The company spends an extra $6,800 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2,950 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 $2,300 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.)

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