Prepare journal entries for the following transactions for Litton's Lilly Pond. Aug. 7 Replaced the engine in
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Question:
Prepare journal entries for the following transactions for Litton's Lilly Pond.
Aug. 7 | Replaced the engine in Tractor #1, paying cash, $7,200. |
Sept. 17 | Paid cash for a tune-up of the engine in Tractor #2, $630. |
25 | Paid cash to add a front-end loader to Tractor #2, $15,300. |
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