Question: For each of the following items enter the correct letter to

For each of the following items, enter the correct letter to the left to show the type of expenditure. Use the following:
Type of Expenditure ___________Transactions____________________________
C Capital expenditure _____ (1) Paid $400 for ordinary repairs.
R Revenue expenditure _____ (2) Paid $6,000 for extraordinary repairs.
N Neither _____ (3) Paid cash $20,000, for addition to old building.
_____ (4) Paid for routine maintenance, $200, on credit.
_____ (5) Purchased a machine, $7,000; gave long-term note.
_____ (6) Paid three-year insurance premium, $900.
_____ (7) Purchased a patent, $4,300 cash.
_____ (8) Paid $10,000 for monthly salaries.
_____ (9) Paid cash dividends, $20,000.



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  • CreatedJuly 26, 2012
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