QS 8-11 (Algo) Revenue and capital expenditures LO C3 a. Pald $46,000 cash to replace a...
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QS 8-11 (Algo) Revenue and capital expenditures LO C3 a. Pald $46,000 cash to replace a motor on equipment that extends its useful life by four years. b. Paid $230 cash per truck for the cost of their annual tune-ups. c. Pald $184 for the monthly cost of replacement filters on an alr-conditioning system. d. Completed an addition to a bullding for $258,750 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure. 2. Prepare the journal entries to record the four transactions from part 1. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries to record the four transactions from part 1. No Transaction General Journal Debit Credit QS 8-11 (Algo) Revenue and capital expenditures LO C3 a. Pald $46,000 cash to replace a motor on equipment that extends its useful life by four years. b. Paid $230 cash per truck for the cost of their annual tune-ups. c. Pald $184 for the monthly cost of replacement filters on an alr-conditioning system. d. Completed an addition to a bullding for $258,750 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure. 2. Prepare the journal entries to record the four transactions from part 1. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries to record the four transactions from part 1. No Transaction General Journal Debit Credit
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Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
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