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Capital and Revenue Expenditures On December 2, Rocket Co. paid $1,220 to repair the transmission on one of its delivery vans. In addition, Rocket paid

Capital and Revenue Expenditures

On December 2, Rocket Co. paid $1,220 to repair the transmission on one of its delivery vans. In addition, Rocket paid $25 to install a GPS system in its van.

Journalize the entries for the transmission.

December 2

journalize the entry for GPS system expenditures.

December 2

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