Capital and revenue expenditures Obj. 1, 2 Quality Move Company made the following expenditures on one of

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Capital and revenue expenditures Obj. 1, 2 Quality Move Company made the following expenditures on one of its delivery trucks:

Mar. 20. Replaced the transmission at a cost of $1,890.

June 11. Paid $1,350 for installation of a hydraulic lift.

Nov. 30. Paid $55 to change the oil and air filter.

Prepare journal entries for each expenditure.

AppendixLO1

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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