BE9-10 Tong Company had the following two transactions related to its delivery truck. 1. Paid $45 for an oil change. 2. Paid $580 to install special gear unit, which increases the operating efficiency of the truck. Prepare Tong's journal entries to record these two transactions. DO IT! 9-1 Yockey Company purchased a delivery truck. The total cash payment was 27,820 including the following items. Negotiated purchase price 24,000 Installation of special shelving 1,100 Painting and lettering 780 Motor vehicle license 140 Annual insurance policy 500 Sales tax 1,300 Total paid 27,820 Required: 1. Explain how each of these costs would be accounted for. Hint (Explain whether an operating expense or an asset cost). 2. Determine the cost of purchasing the truck. LO 1 9-2