Capital and Revenue Expenditures On August 5, Scanlon Co. paid $2,950 to repair the transmission on one of its delivery vans. In addition, Scanlon paid $58 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 Accumulated Depreciation-Delivery Van 5 Cash Feedback Check My Work Capital expenditures are the costs of acquiring fixed assets, adding to a fixed asset, improving a fixed asset, or extending a fixed asset's useful life. Expenditures that are ordinary maintenance and repairs are expensed as they are incurred. Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank. August 5 Delivery Van Cash Check My Work Previous Next All work sa Email Instructor Save and Exit Submit Assignment for Grading