Chapter 9 Homework Saved 8 Required information [The following information applies to the questions displayed below) Precision Construction entered into the following transactions during a recent year Part 2 of2 10 points January 2 Purchased a bulldozer for $258,000 January 3 Replaced the steel tracks on the bulldozer at a cost of $24,000, January 30 Wrote a check for the anount oved on account for the vork completed on by paying $24,000 cash and signing a $234,000 note due in five years purchased on account. The nev tracks increase the bulldozer's operating effieiencyY January 3 eBook Print References February 1 Repaired the leather seat on the bulldozer and wrote a check f March 1 Paid 56,000 eash for the rights to use computer software for a two-year period. 1-b. Prepare the journal entries for each of the above transactions. 2. For the tangible and intangible assets acquired in the preceding transactions, deternine the amount of depreciation and amortization that Precision Construction should report for the quarter ended March 31. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $44,000 residual value. 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. Complete this question by entering your answers in the tabs below Req 1B Req 3 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.) Chapter 9 Homework Saved 8 Required information Req 1B Req 2 Req 3 Part 2 of 2 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 10 points View transaction list eBook Print References Journal entry worksheet Purchased a bulldozer for $258,000 by paying $24,000 cash and signing a $234,000 note due in five years. Record the transaction. Note: Enter debits before credits January 02 Record entry Clear entry View general journal Cliapier 9 Homewbrk Saved 8 Required information Req 1B Req 2 Req 3 Part 2 of 2 Prepare the journal entries for each of the above transactions. (If no entry is required for a tra Required" in the first account field.) nsaction/event, select "No Journal Entry 10 points View transaction list eBook Journal entry worksheet Print Replaced the steel tracks on the buldozer at a cost of $24,000, purchased on account. Record the transaction. Note: Enter debits before credits Credit January 03 Record entry Clear entry View general journal 8 Required information Req 18 Req 2 Req 3 Part 2 of 2 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) 10 points View transaction list eBook Journal entry worksheet Print Wrote a check for the amount owed on account for the work completed on January 3. Record the transaction. Note: Enter debits before credits. Date General Journal January 30 Record entry Clear entry View general journal Prev 8 of 10 E Next Chapter 9 Homework Required information Req 18 Req 2 Req 3 Part 2 of 2 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 10 points View transaction list eBook Journal entry worksheet Print Repaired the leather seat on the bulldozer and wrote a check for the ful $1,200 cost. Record the transaction. Note: Enter debits before credits Date Debit Credit February 01 Record entry Clear entry View general journal K Prexor 8of 10 Next> Apps New Tab IDEA Clock In/Out UTRGV Chapter 9 Homework G Help 8 Required information Req 18Req 2 Req 3 Part 2 of2 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 10 points View transaction list eBook Print References Journal entry worksheet Paid $6,000 cash for the rights to use computer software for a two-year period. Record the transaction. Note: Enter debits before credits. March 01 View general journal Record entry Clear entry Prey Next or o Chapter 9 Homework Saved Help Save & Ex 8 Check January Z Purchased a bui iaozer tor sz38,uuu Dy paying 29.vuu cash and 81gning a sz34'uou note aue in tive January 3 Replaced the steel tracks on the bulldozer at a cost of $24,000, purchased on account. The nev January 30 Wrote a check for the amount oved on account for the vork completed on January 3. years steel tracks increase the bulldozer s operating effieiency February 1 Repaired the leather seat on the bulldozer and wrote a check for the ful1 $1,200 cost. Part 2 of 2 Mareh 1 Paid $6,000 cash for the rights to use conputer softvare tor a two-year period. 1-b. Prepare the journal entries for each of the above transactions 10 points 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Precision Construction should report for the quarter ended March 31. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $44,000 residual value. eBook 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. Print Complete this question by entering your answers in the tabs below Req 18 Req 2 Req 3 For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Precision Construction should report for the quarter ended March 31. The equipment is depreciated using the double-dectlining-balance method with a useful life of five years and $44,000 residual value. (Do not round intermediate calculations.) Depreciation-Equipment Amortization-Licensing Rights C Req 18 Req 3 > Prex of 1Next> Chapter 9 Homework Saved 8 Required information Part 2 of 2 Journal entry worksheet 10 points Record the depreciation and amortization expense on the buldozer and computer software for the quarter ended March 31. eBook Print Note: Enter debits before credits. March 31 Record entry Clear entry View general journal Req 2 Prex 810,10 Next >