4) Record journal entries for the following transactions involving property, plant and equipment for Blankenship Company Ltd.: a) Purchased equipment costing $100,000. b) Paid freight to have equipment delivered, $500. c) Paid $1,000 to have equipment installed. d) Paid $50,000 to have a similar piece of equipment overhauled. e) Paid $100 for periodic maintenance to the new equipment.

4) Record joumal entries for the following transactions involving property, plant and equipment for Blankenship Company Ltd:: a) Purchased equipment costing $100,000. b) Paid freight to have equipment delivered, $500. c) Paid $1,000 to have equipment installed. d) Paid $50,000 to have a similar piece of equipment overhauled. e) Paid $100 for periodic maintenance to the new equipment