Capital and revenue expenditures OBJ. 1 Quality Move Company made the following expenditures on one of its
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Capital and revenue expenditures OBJ. 1 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.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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