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a. Paid $60,000 cash to replace a motor on equipment that extends its useful life by four years. b. Paid $300 cash per truck
a. Paid $60,000 cash to replace a motor on equipment that extends its useful life by four years. b. Paid $300 cash per truck for the cost of their annual tune-ups. c. Paid $240 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to a building for $337,500 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Classify the above transactions as either a revenue expenditure or a capital expenditure. Transaction a b C d a. Paid $60,000 cash to replace a motor on equipment that extends its useful life by four years b. Paid $300 cash per truck for the cost of their annual tune-ups. c. Paid $240 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to a building for $337,500 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. 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. View transaction list Journal entry worksheet < 1 2 3 4 Paid $60,000 cash to replace a motor on equipment that extends its useful life by four years. Note: Enter debits before credits. Transaction a General Journal Debit Credit Record entry Clear entry View general journal a. Paid $60,000 cash to replace a motor on equipment that extends its useful life by four years. b. Paid $300 cash per truck for the cost of their annual tune-ups. c. Paid $240 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to a building for $337,500 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. 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. View transaction list Journal entry worksheet < 1 3 4 Paid $300 cash per truck for the cost of their annual tune-ups. Note: Enter debits before credits, Transaction b General Journal Debit Credit Record entry Clear entry View general journal a. Paid $60,000 cash to replace a motor on equipment that extends its useful life by four years. b. Paid $300 cash per truck for the cost of their annual tune-ups. c. Paid $240 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to a building for $337,500 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. 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. View transaction list Journal entry worksheet < 1 2 4 Paid $240 for the monthly cost of replacement filters on an air-conditioning system. Note: Enter debits before credits. Transaction C General Journal Debit Credit Record entry Clear entry View general journal a. Paid $60,000 cash to replace a motor on equipment that extends its useful life by four years. b. Paid $300 cash per truck for the cost of their annual tune-ups. c. Paid $240 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to a building for $337,500 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. 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. View transaction list Journal entry worksheet < 1 2 3 Completed an addition to a building for $337,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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