FIN. ACCT.-TOOLS FOR BUS.DEC.MAKING-CODE
9th Edition
ISBN: 9781119595724
Author: Kimmel
Publisher: WILEY C
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Question
Chapter 9, Problem 9.3BE
To determine
Cost of the Truck: The cost of machinery includes actual purchase price plus all other costs. The other costs include sales tax, shipping delivery charges, insurance during shipping, assembling charges, installation charges, testing and legal fees.
To record:
To determine
To record: Journal entry to record the installation of shelving units in the truck
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Students have asked these similar questions
Sandhill Co. had the following two transactions related to its delivery truck.
1.
Paid $55 for an oil change.
2.
Paid $447 to install special shelving units, which increase the operating efficiency of the truck.
Prepare Sandhill Co.’s journal entries to record these two transactions.
Carla Vista Co. had the following two transactions related to its delivery truck.
1.
Paid $48 for an oil change.
2.
Paid $549 to install special shelving units, which increase the operating efficiency of the truck.
Prepare Carla Vista Co.’s journal entries to record these two transactions.
Quality Move Company made the following expenditures on one of its delivery trucks:
Mar. 20
Replaced the transmission at a cost of $1,990.
June 11
Paid $1,455 for installation of a hydraulic lift.
Nov. 30
Paid $57 to change the oil and air filter.
Prepare journal entries for each expenditure. Refer to the Chart of Accounts for exact wording of account titles.
CHART OF ACCOUNTSQuality Move CompanyGeneral Ledger
ASSETS
110
Cash
111
Petty Cash
112
Accounts Receivable
114
Interest Receivable
115
Notes Receivable
116
Merchandise Inventory
117
Supplies
119
Prepaid Insurance
120
Land
123
Delivery Truck
124
Accumulated Depreciation-Delivery Truck
125
Equipment
126
Accumulated Depreciation-Equipment
130
Mineral Rights
131
Accumulated Depletion
132
Goodwill
133
Patents
LIABILITIES
210
Accounts Payable
211
Salaries Payable
213
Sales Tax Payable
214
Interest Payable
215
Notes Payable
EQUITY
310
Owner's…
Chapter 9 Solutions
FIN. ACCT.-TOOLS FOR BUS.DEC.MAKING-CODE
Ch. 9 - Prob. 1QCh. 9 - Prob. 2QCh. 9 - Prob. 3QCh. 9 - Prob. 4QCh. 9 - Prob. 5QCh. 9 - Prob. 6QCh. 9 - Prob. 7QCh. 9 - Prob. 8QCh. 9 - Prob. 9QCh. 9 - In the fourth year of an assets 5-year useful...
Ch. 9 - Prob. 11QCh. 9 - Prob. 12QCh. 9 - Prob. 13QCh. 9 - Prob. 14QCh. 9 - Prob. 15QCh. 9 - Prob. 16QCh. 9 - Prob. 17QCh. 9 - Prob. 18QCh. 9 - Prob. 19QCh. 9 - Prob. 20QCh. 9 - Prob. 22QCh. 9 - Give an example of an industry that would be...Ch. 9 - Prob. 24QCh. 9 - Prob. 25QCh. 9 - Prob. 26QCh. 9 - Prob. 27QCh. 9 - Prob. 9.1BECh. 9 - Prob. 9.2BECh. 9 - Prob. 9.3BECh. 9 - Prob. 9.4BECh. 9 - Prob. 9.5BECh. 9 - Prob. 9.7BECh. 9 - Prob. 9.13BECh. 9 - Prob. 9.14BECh. 9 - Prob. 9.1DIECh. 9 - Prob. 9.2bDIECh. 9 - Prob. 9.3DIECh. 9 - Match the statement with the term most directly...Ch. 9 - Prob. 9.2ECh. 9 - Prob. 9.4ECh. 9 - Prob. 9.9ECh. 9 - Prob. 9.12ECh. 9 - Prob. 9.13ECh. 9 - Prob. 9.16ECh. 9 - Prob. 9.17ECh. 9 - Prob. 9.19ECh. 9 - Prob. 9.20ECh. 9 - Prob. 9.21ECh. 9 - Prob. 9.23ECh. 9 - Prob. 9.24ECh. 9 - Prob. 9.1APCh. 9 - Prob. 9.7APCh. 9 - Prob. 9.2EYCTCh. 9 - Prob. 9.3EYCTCh. 9 - Prob. 9.6EYCTCh. 9 - Prob. 9.7EYCTCh. 9 - Prob. 9.8EYCTCh. 9 - Prob. 9.10EYCTCh. 9 - CONSIDERING PEOPLE, PLANET, AND PROFIT The March...Ch. 9 - Prob. 9.1IECh. 9 - Prob. 9.2IECh. 9 - Prob. 9.3IECh. 9 - Prob. 9.4IE
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