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Everything in my journal is right except for the March 1st Cash and Licensing Rights amount. I thought it would just be in $15,600 as
Everything in my journal is right except for the March 1st Cash and Licensing Rights amount. I thought it would just be in $15,600 as said in the transaction list but the checker keeps saying it's wrong.
Chapter 9 Homework (Algo) Seved Help Save & Exit S Check my w 3 Required information (The following information applies to the questions displayed below.) Part 1 of 2 Precision Construction entered into the following transactions during a recent year. points January 2 Purchased a bulldozer for $290,000 by paying $40,000 cash and signing a $250,000 note due in five years. January 3 Replaced the steel tracks on the bulldozer at a cost of $40,000, purchased on account. The new steel tracks increase the bulldozer's operating efficiency. January 30 Wrote a check for the amount owed on account for the work completed on January 3. February 1 Repaired the leather seat on the bulldozer and wrote a check for the full $2,800 cost. March 1 Paid $15, 600 cash for the rights to use computer software for a two-year period. Print Required: 1-a. Complete the table below, for the above transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets Stockholders' Equity Liabilities Notes Payable (long-term) 250,000 Date January 02 Cash Equipment January 03 Equipment January 30 Cash February 01 Cash March 01 Cash Licensing Rights (40,000) 290,000 40,000 (40,000) (2,800) 15,600 (15,600) Accounts Payable Accounts Payable 40,000 (40,000) Repairs and Maintenance Expense (2,800)
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