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Capital and Revenue Expenditures On August 5, Scanlon Co. paid $3,020 to repair the transmission on one of its delivery vans. In addition, Scanlon paid

Capital and Revenue Expenditures

On August 5, Scanlon Co. paid $3,020 to repair the transmission on one of its delivery vans. In addition, Scanlon paid $34 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

Accounts PayableAccounts ReceivableAccumulated Depreciation-Delivery VanCashDelivery VanDepreciation ExpenseRepairs and Maintenance Expense

- Select - - Select -

Accounts PayableAccounts ReceivableAccumulated DepreciationCashDepreciation ExpenseDelivery TruckRepairs and Maintenance Expense

- Select - - Select -

Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank.

August 5

Accounts PayableAccounts ReceivableAccumulated DepreciationCashDelivery VanDepreciation ExpenseRepairs and Maintenance Expense

- Select - - Select -

Accounts PayableAccounts ReceivableAccumulated DepreciationCashDelivery VanDepreciation ExpenseRepairs and Maintenance Expense

- Select - - Select -

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