Question: Precision Construction entered into the following transactions during a recent year: January 2 Purchased a bulldozer for $252,000 by paying $21,000 cash and signing a
Precision Construction entered into the following transactions during a recent year:
| January | 2 | Purchased a bulldozer for $252,000 by paying $21,000 cash and signing a $231,000 note due in five years. | ||
| January | 3 | Replaced the steel tracks on the bulldozer at a cost of $21,000, purchased on account. The new steel tracks increase the bulldozer's operating efficiency. | ||
| January | 30 | Wrote a check for the amount owed on account for the work completed on January 3. | ||
| February | 1 | Repaired the leather seat on the bulldozer and wrote a check for the full $900 cost. | ||
| March | 1 | Paid $4,200 cash for the rights to use computer software for a two-year period. |
Required:
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1-a. Complete the table below, for the above transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)

Assets Liabilities Stockholders' Equity Date January 02 January 03 January 30 February 01 March 01
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