Record the following transactions into the general journal of Orange Company of Surrey. Feb. 6 17 23
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Feb. 6 17 23 30 11 15 Purchased land for $90,000. The $90,000 included legal fees of $6,000 Orange Company decided to pave the parking lot for $5,400 Purchased a building for $90,000, putting down 30% and mortgaging the remainder. Bought equipment for $32,000. Freight and assembly were an additional $4,000. Added a new wing for $175,000 to building that was purchased on March 23. Performed ordinary repair work on equipment purchased March 30, $750, to maintain its normal operations Bought a truck for $14,000. Added a hydraulic loader to truck, $2,200. Truck purchased in July was brought in for grease and oil $33 Overhauled truck's motor for $900, extending its life by more than one year Mar. May June July Oct. Nov. 3 15 30 Dec. 28 Dec. 3 Changed tires on truck, $325.
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College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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