Question
I am having trouble trying to figure out what account name that would be here is the list of accounts. Accounts Payable Accounts Receivable Accumulated
I am having trouble trying to figure out what account name that would be here is the list of accounts.
Accounts Payable Accounts Receivable Accumulated Depletion Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Depreciation-Machine Accumulated Depreciation-Truck Advertising Expense Allowance for Doubtful Accounts Amortization Expense Bad Debt Expense Buildings Cash Coal Mine Common Stock Copyrights Cost of Goods Sold Depletion Expense Depreciation Expense Dividends Equipment Franchises Freight-In Gain on Disposal of Plant Assets Goodwill Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Land Improvements Loss on Disposal of Plant Assets Machine Maintenance and Repairs Expense Miscellaneous Expense No Entry Notes Payable Notes Receivable Ore Mine Other Operating Expenses Patents Prepaid Insurance Rent Revenue Research and Development Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Truck Unearned Rent Revenue
Your answer is partially correct. Cheyenne Company had the following two transations related to its delivery truck. 1. Paid $90 for an oil change. 2. Paid $1,100 to install a special gear unit, which increases the operating efficiency of the truck. Prepare Cheyenne's journal entries to record these two transactions. (Credit account titles are automati No Account Titles and Explanation 1 |Maintenance and Repairs Expense Debit Credit 90 90 Cash 1100 2. TTruck 1100 CashStep by Step Solution
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