Question
Capital and Revenue Expenditures Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20 Replaced the transmission at a cost
Capital and Revenue Expenditures
Quality Move Company made the following expenditures on one of its delivery trucks:
| Mar. 20 | Replaced the transmission at a cost of $7,730. |
| June 11 | Paid $1,710 for installation of a hydraulic lift. |
| Nov. 30 | Paid $62 to change the oil and air filter. |
Prepare the journal entries for each expenditure.
| Mar. 20 | |||
| June 11 | |||
| Nov. 30 | |||
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
