Brief Exercise 9-03Sunland Company had the following two transactions related to its delivery truck.1. Paid $42 for an oil change.2. Paid $471 to install special shelving units, which increase the operating efficiency of the truck.Prepare Sunland Company’s journal entries to record these two transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)No.Account Titles and ExplanationDebitCredit1.enter an account title to record the first transaction enter a debit amount enter a credit amount enter an account title to record the first transaction enter a debit amount enter a credit amount 2.enter an account title to record the second transaction enter a debit amount enter a credit amount enter an account title to record the second transaction enter a debit amount enter a credit amount

Journal Entry: A journal entry is a systematic record of the business transactions in a…

Answered: Brief Exercise 9-03 Sunland Company…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter5: Accounting Systems

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Brief Exercise 9-03

Sunland Company had the following two transactions related to its delivery truck.

1.		Paid $42 for an oil change.
2.		Paid $471 to install special shelving units, which increase the operating efficiency of the truck.

Prepare Sunland Company’s journal entries to record these two transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.	Account Titles and Explanation	Debit	Credit
1.	enter an account title to record the first transaction	enter a debit amount	enter a credit amount
	enter an account title to record the first transaction	enter a debit amount	enter a credit amount
2.	enter an account title to record the second transaction	enter a debit amount	enter a credit amount
	enter an account title to record the second transaction	enter a debit amount	enter a credit amount

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