1. The heating system was replaced at a cost of $150,000. The cost of the old...

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1. The heating system was replaced at a cost of $150,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $600,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $15,000 4. All of the equipment on the assembly line in the plant was rearranged at a cost of $20,000. The rearrangement clearly increases the productive capacity of the plant Required: Prepare journal entries to record each of the above expenditures. (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 1 2 3 4 Record the replacement of the heating system. General Journal Debit Credit Nota: Enter debits before credits. Event 1 1 1. The heating system was replaced at a cost of $150,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $600,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $15,000 4. All of the equipment on the assembly line in the plant was rearranged at a cost of $20,000. The rearrangement clearly increases the productive capacity of the plant Required: Prepare journal entries to record each of the above expenditures. (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 1 2 3 4 Record the replacement of the heating system. General Journal Debit Credit Nota: Enter debits before credits. Event 1 1