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journal entry

Required information Revenue expenditures expire in the current period and are debited to expense accounts and matched with current revenues. Ordinary repairs are an example of revenue expenditures. Capital expenditures benefit future periods and are debited to asset accounts. Examples of capital expenditures are extraordinary repairs and betterments. Knowledge Check 01 On August 4, Armstrong Trucking, Inc., paid $4,500 to replace the engine in one of its trucks. Complete the necessary journal entry by selecting the account names from the drop down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On August 4, Armstrong Trucking, Inc., paid $4,500 to replace the engine in one of its trucks. Note: Enter debits before credits. Date General Journal Debit Credit Aug 4