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a. Paid $48,000 cash to replace a motor on equipment that extends its useful life by four years, b. Paid $240 cash per truck for
a. Paid $48,000 cash to replace a motor on equipment that extends its useful life by four years, b. Paid $240 cash per truck for the cost of their annual tune-ups. c. Paid $192 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to a building for $270,000 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure. 2. Prepare the journal entries to record the four transactions from part 1 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries to record the four transactions from part 1. No Transaction Credit Debit 48,000 1 General Journal Accumulated depreciation--Equipment Cash a 48,000 2 N b 240 Repairs expenso Cash 240 192 3 c Repairs expense Cash Oo 192 X 270,000 4 d Accumulated depreciation-Building Cash 270,000
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