Capital and Revenue Expenditures

On December 2, Rocket Co. paid $2,370 to repair the transmission on one of its delivery vans. In addition, Rocket paid $25 to install a GPS system in its van.

Question Content Area

Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank.

December 2	Accounts PayableAccounts ReceivableAccumulated Depreciation-Delivery VanCashDelivery VanDepreciation ExpenseRepairs and Maintenance Expense	- Select -	- Select -
	Accounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseDelivery TruckRepairs and Maintenance Expense	- Select -	- Select -

Question Content Area

Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank.

December 2	Accounts PayableAccounts ReceivableAccumulated DepreciationCashDelivery VanDepreciation ExpenseRepairs and Maintenance Expense	- Select -	- Select -
	Accounts PayableAccounts ReceivableAccumulated DepreciationCashDelivery VanDepreciation ExpenseRepairs and Maintenance Expense	- Select -	- Select -