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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Related Book For
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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