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10/2 Capital and Revenue Expenditures On February 13, Rocket Co. paid $2,340 to install a hydraulic lift and $21 for an air filter for one
10/2
Capital and Revenue Expenditures On February 13, Rocket Co. paid $2,340 to install a hydraulic lift and $21 for an air filter for one of its delivery trucks. Journalize the entries for the new lift. February 13 Accumulated Depreciation-Delivery Truck 2,340 Cash 2,340 Journalize the entry for air filter expenditures. February 13 Repairs and Maintenance Expense 21 Cash 21
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