On April 15, Compton Co. paid $2,350 to upgrade a delivery truck and $65 for an oil change. Journalize the entries for the upgrade to the delivery truck and the oil change expenditures. If an amount box does not require an entry, leave it blank. April 15 April 15
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- On April 15, Compton Co. paid $2,850 to upgrade a delivery truck and $75 for an oil change. Journalize the entries for the upgrade to delivery truck and oil change expenditures. If an amount box does not require an entry, leave it blank.On April 15, Compton Co. paid $1,300 to upgrade a delivery truck and $55 for an oil change. Journalize the entries for the upgrade to delivery truck and oil change expenditures. If an amount box does not require an entry, leave it blank. April 15 - Select - - Select - - Select - - Select - April 15 - Select - - Select - - Select - - Select -Wolfpack Corp. has determined it should record depreciation expense of $40,000 for the year ending 12/31/X7. Required: In the general journal below, complete the year-end entry to record depreciation. Debit Credit Dec 31 ? 40,000 ? 40,000
- < Capital and revenue expenditures Quality Move Company made the following expenditures on one of its delivery trucks: Replaced the transmission at a cost of $7,040. Paid $1,600 for installation of a hydraulic lift. Paid $71 to change the oil and air filter. March 20. June 11. November 30. Journalize the entry for each expenditure. If an amount box does not require an entry, leave it blank. March 20 June 11 November 30 00 00 00 00 00 00Exercise 7-2A Record purchase of equipment (LO7-1) Orion Flour Mills purchased a new machine and made the following expenditures: Purchase price Sales tax ed $74,000 5,950 Shipment of machine Insurance on the machine for the first year Installation of machine 990 690 ok 1,980 The machine, including sales tax, was purchased on account, with payment due in 30 days. The other expenditures listed above were paid in cash. Required: Record the above expenditures for the new machine. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet aw Next > e here to search Designed by Apple in Califormia Assembled in ChinaCapital and Revenue Expenditures On April 29, Welllington Co. paid $1,530 to repair the transmission on one of its delivery vans. In addition, Welllington paid $46 to install a GPS system in its van. Question Content Area Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank. April 29 - Select - - Select - - Select - - Select - Question Content Area Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank. April 29 - Select - - Select - - Select - - Select -
- Quality Freight Company made the following expenditures on one of its delivery trucks: Marc 20. Replaced the transmission at a cost of $1,890 June 11. Paid $1,350 for installation of a hydraulic lift Nov. 30. Paid $55 to change the oil and filter As the accountant of Quality Freight prepare journal entries for each expenditure:Rochester Flour Mills purchased new equipment and made the following expenditures: Purchase price $ 59,000 Sales tax 5, 200 Shipment of equipment 840 549 Insurance on the equipment for the first year i Installation of equipment 1,680 Required: Record the expenditures. All expenditures were paid in cash. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the expenditures. All expenditures were paid in cash. Note: Enter debits before credits Transaction General Journal Debit CreditCapital Expenditures and Revenue Expenditures Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20. Replaced the transmission at a cost of $4,855. June 11. Paid $1,740 for installation of a hydraulic lift. Nov. 30. Paid $64 to change the oil and air filter. Prepare the journal entries for each expenditure. If an amount box does not require an entry, leave it blank. Mar. 20 36 June 11 Nov. 30
- On June 15, 2023, Discount Furniture discarded equipment that had a cost of $26,000, a residual value of $0, and was fully depreciated. Journalize the disposal of the equipment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Jun. 15 Accounts and Explanation Debit CreditA company with financial year ending 31 October purchased a machine for R3 450 000 (VAT inclusive) on 1 January 2021 for cash. The following cost were incurred over the period January to March 2021 in respect of the machine: Transport cost to delivery the sewing machine to the factory premises..........R11 400 • Wages for the workers to offload and move the R16 000 machine........ R28 500 (excluding vat) was spent to purchase a part that the machine needs to enable it perform at maximum capacity: . A concrete stand was erected at a cost of R15 640 (VAT inclusive) for the machine. The machine was brought into production from the 1st of April 2021 The company directors estimated the machine's residual value to be R42 300 (excluding VAT). Depreciation is calculated on a straight-line basls at 20% per annum. On the 20th of July 2021 the Machine was damaged by a hailstorm and it was repaired at a cost of RR18 600 (excluding vat). Due to the inconsistence performance of the machine as a…Capital and Revenue Expenditures On April 29, GTS Co. paid $1,570 to repair the transmission on one of its delivery vans. In addition, GTS paid $23 to install a GPS system in its van. Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank. April 29 Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank. 88 April 29