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Capital and Revenue Expenditures On August 5, GTS Co. paid $2,200 to repair the transmission on one of its delivery vans. In addition, GTS
Capital and Revenue Expenditures On August 5, GTS Co. paid $2,200 to repair the transmission on one of its delivery vans. In addition, GTS paid $26 to install a GPS system in its van. Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank. August 5 Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank. August 5
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