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equired information Skip to question [ The following information applies to the questions displayed below. ] Precision Construction entered into the following transactions during a
equired information
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The following information applies to the questions displayed below.
Precision Construction entered into the following transactions during a recent year.
January Purchased a bulldozer for $ by paying $ cash and signing a $ note due in five years.
January Replaced the steel tracks on the bulldozer at a cost of $ purchased on account. The new steel tracks increase the bulldozer's operating efficiency.
January Wrote a check for the amount owed on account for the work completed on January
February Repaired the leather seat on the bulldozer and wrote a check for the full $ cost
March Paid $ cash for the rights to use computer software for a twoyear period.
Required:
a Complete the table below, for the above transactions. Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.
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