Capital 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 $5,420. June 11 Paid $1,275 for installation of a hydraulic lift. Nov. 30 Paid $71 to change the oil and air filter. Prepare journal entries for each expenditure. If an amount box does not require an entry, leave it blank. Mar 20 4
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- Capital 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 $6,345. June 11. Paid $915 for installation of a hydraulic lift. Nov. 30. Paid $49 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 June 11 Nov. 30 heck My Work Previous Next All work saved. Save and Exit Submit Assignment for Grac< 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 00Capital 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
- Capital 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 $4,135. June 11. Paid $1,770 for installation of a hydraulic lift. Nov. 30. Paid $73 to change the oil and air filter. Prepare the journal entries for each expenditure. Mar. 20 fill in the blank 2 fill in the blank 4 June 11 fill in the blank 6 fill in the blank 8 Nov. 30 fill in the blank 10 fill in the blank 12Capital 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 29Capital and Revenue Expenditures On April 29, GTS Co. paid $3,000 to install a hydraulic lift and $32 for an air filter for one of its delivery trucks. Journalize the entries for the new lift. April 29 Journalize the entry for air filter expenditures.
- Capital 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 -Orion Flour Mills purchased a new machine and made the following expenditures: Purchase price $ 66,000 Sales tax 5,550 Shipment of machine 910 Insurance on the machine for the first year 610 Installation of machine 1,820 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.)Capital and Revenue Expenditures On December 2, GTS Co. paid $1,440 to repair the transmission on one of its delivery vans. In addition, GTS paid $27 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, December 2 Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank. December 2
- 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 CreditDuring the current year, Arkells Inc. made the following expenditures relating to plant machinery. Renovated seven machines for $250,000 to improve efficiency in production of their remaining useful life of eight years Low-cost repairs throughout the year totaled $79,000 Replaced a broken gear on a machine for $6,000 A. What amount should be expensed during the period? B. What amount should be capitalized during the period?During the current year, Arkells Inc. made the following expenditures relating to plant machinery. Renovated five machines for $100,000 to improve efficiency in production of their remaining useful life of five years Low-cost repairs throughout the year totaled $70,000 Replaced a broken gear on a machine for $10,000 A. What amount should be expensed during the period? B. What amount should be capitalized during the period?