Capital and Revenue Expenditures On February 13, GTS Co. paid $2,520 to repair the transmission on one of its delivery vans. In addition, GTS paid $58 to install a GPS system in its van. Question Content Area Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank. February 13 Accumulated Depreciation-Delivery Van Accumulated Depreciation-Delivery Van Accumulated Depreciation-Delivery Van Cash Cash Cash Feedback Area Feedback 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. Question Content Area Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank. February 13 Delivery Van Delivery Van Delivery Van Cash