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Old dominion freight line incurs these expenditures in purchasing a truck cash price- 5678 accident insurance- 764 sales tax- 456 motor vehicle license- 1208 painting
Old dominion freight line incurs these expenditures in purchasing a truck
cash price- 5678
accident insurance- 764
sales tax- 456
motor vehicle license- 1208
painting and lettering- $3900
1.) Make journal entries to record the following transaction:
A.)paid for oil change- $38
b. paid $400 to install shelving in truck
c. determined the truck needed to be retired and replace 2 years before the estimated life was complete;
depreciation was being booked at $100 per month
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