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More info The firm completed the overhaul this year at a cost of $15,000. In addition, the company installed a new roof on its factory

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More info The firm completed the overhaul this year at a cost of $15,000. In addition, the company installed a new roof on its factory at a total cost of $65,000. Due to increased demand for its products, Bryan decided to expand one of its loading docks. The cost of the factory expansion was $181,000. The new roof and overhaul extended the assets' useful lives. Bryan Building Products, Inc. conducts regularly scheduled maintenance of its machinery and equipment every Friday afternoon. The cost of maintenance for the current year amounted to $342,000. The regular maintenance revealed the need to conduct a major overhaul on one of Bryan's older pieces of equipment. (Click the icon to view additional information.) Requirement Prepare the journal entry (entries) required to record the above transactions. Assume Bryan paid for all expenditures in cash. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the cost of maintenance for the current year amounted to $342,000. Record the overhaul for $15,000 and the cost of the new roof for $65,000. (Use a compound journal entry to record the transactions.) Record the overhaul for $15,000 and the cost of the new roof for $65,000. (Use a compound journal entry to record the transactions.) Record the cost of the factory expansion for $181,000

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