Easy Move Company made the following expenditures on one of its delivery trucks: Feb. 16. Replaced transmission
Question:
Feb. 16. Replaced transmission at a cost of $3,150
July 15. Paid $1,100 for installation of a hydraulic lift
Oct. 3. Paid $72 to change the oil and air filter
Prepare journal entries for each expenditure.
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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