10 points 1 Skipped Casting Crown Construction entered into the following transactions during a recent year: January 2 Purchased a bulldozer for $240,000 by paying $22,000 cash and signing a $218,000 note. January 3 Replaced the steel tracks on the bulldozer at a cost of $24,000, purchased on account. January 30 Wrote a cheque for the amount owed on account for the work completed on January 3. February 1 Replaced the seat on the bulldozer and wrote a cheque for the full $1,600 cost. 1 Paid $14,400 cash for the rights to use computer software for a two-year period. March Required: 1-a. Analyze the accounting equation effects. (Enter any decreases to accounts with a minus sign.) Date eBook Print Jan. 2 Jan. 3 Jan. 30 Feb. 1 Mar. 1 References Assets Liabilites Shareholder's Equity 1-b. Prepare the journal entries for each of the 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 10 points 1 Skipped Casting Crown Construction entered into the following transactions during a recent year: January 2 Purchased a bulldozer for $240,000 by paying $22,000 cash and signing a $218,000 note. January 3 Replaced the steel tracks on the bulldozer at a cost of $24,000, purchased on account. January 30 Wrote a cheque for the amount owed on account for the work completed on January 3. February 1 Replaced the seat on the bulldozer and wrote a cheque for the full $1,600 cost. 1 Paid $14,400 cash for the rights to use computer software for a two-year period. March Required: 1-a. Analyze the accounting equation effects. (Enter any decreases to accounts with a minus sign.) Date eBook Print Jan. 2 Jan. 3 Jan. 30 Feb. 1 Mar. 1 References Assets Liabilites Shareholder's Equity 1-b. Prepare the journal entries for each of the 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