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Required information Great Adventures Problem AP7-1 (The following information applies to the questions displayed below.) TonJournal entry worksheet < 1 2 Record the depreciation expense for the vehicle. Note: Enter debits before credits. General JouJournal entry worksheet Record the expiration of prepaid insurance. Note: Enter debits before credits. General Journal Debit

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Answer #1
Equipment cost 24200 =15200+6200+2800
Date General Journal Debit Credit
Dec 31,2022 Depreciation expense 1810 =(24200-6100)/5*6/12
       Accumulated Depreciation-Equipment 1810
Dec 31,2022 Insurance expense 1300 =2600*6/12
       Prepaid Insurance 1300
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