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