Question
1. Purchased a bulldozer for $284,000 by paying $37,000 cash and signing a $247,000 note due in five years. Record the transaction.Purchased a bulldozer for
1. Purchased a bulldozer for $284,000 by paying $37,000 cash and signing a $247,000 note due in five years. Record the transaction.Purchased a bulldozer for $284,000 by paying $37,000 cash and signing a $247,000 note due in five years. Record the transaction.
2. Replaced the steel tracks on the bulldozer at a cost of $37,000, purchased on account. Record the transaction. Replaced the steel tracks on the bulldozer at a cost of $37,000, purchased on account. Record the transaction.
3. Wrote a check for the amount owed on account for the work completed on January 3. Record the transaction. Wrote a check for the amount owed on account for the work completed on January 3. Record the transaction.
4. Replaced the seat on the bulldozer and wrote a check for the full $2,500 cost. Record the transaction. Replaced the seat on the bulldozer and wrote a check for the full $2,500 cost. Record the transaction.
5. Paid $13,800 cash for the rights to use computer software for a two-year period. Record the transaction. Paid $13,800 cash for the rights to use computer software for a two-year period. Record the transaction.
1-b. Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Purchased a bulldozer for $284,000 by paying $37,000 cash and signing a $247,000 note due in five years. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Date January 02 Record entry Clear entry View general journal
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