Machine AMachine BMachine CAmount paid for asset$8,300$27,000$10,700Installation costs300700600Renovation costs prior to use2,9001,4001,900Repairs after production began540490675.

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Precision Construction entered into the following transactions during a recent year. Januar 2 y y Januar 3 Januar 30 y Febru ary March 1 1 Purchased a bulldozer for $252,000 by paying $21,000 cash and signi $231,000 note due in five years. Replaced the steel tracks on the bulldozer at a cost of $21,000, purch account. Wrote a check for the amount owed on account for the work complete January 3. Replaced the seat on the bulldozer and wrote a check for the full $900 Paid $4,200 cash for the rights to use computer software for a two-ye Required: 1- Complete the table below, indicating the account, amount, and direction of the effect (+ for a. and for decrease) for the above transactions. (Enter any decreases to Assets, Liabilit Stockholders' Equity with a minus sign.) Date Jan2 Jan 3 Jan 30 Feb 1 March 1 Assets = Liabilities = Stock holders equity Prepare the journal entries for each of the above transactions. (If no entry is required fo transaction/event, select "No Journal Entry Required" in the first account field.) Purchased a bulldozer for $252,000 by paying $21,000 cash and signing a $231,000 note due in five years. Record the transaction. Jan 2 General journal Debit Credit Replaced the steel tracks on the bulldozer at a cost of $21,000, purchased on account. Record the transaction. Jan 3 General journal Debit Credit Wrote a check for the amount owed on account for the work completed on January 3. Record the transaction Jan 30 General journal Debit Credit Replaced the seat on the bulldozer and wrote a check for the full $900 cost. Record the transaction. Feb 1 General journal Debit Credit Paid $4,200 cash for the rights to use computer software for a two-year period. Record the transaction. March 1 General journal Debit Credit 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 $41,000 residual value. (Do not round intermediate calculations.) Partial year Depreciation- equipment = Amortization- Licensing rights= Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Record the depreciation and amortization expense on the bulldozer and computer software for the quarter ended March 31. Date March 31 General journal Debit Credit