On April $15,$ Compton Co$.$ paid $$1,400$ to upgrade a delivery truck and $$60$ for an oil change.

Required:

Journalize the entries for the upgrade to delivery truck and oil change expenditures. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS

Compton Co$.$

General Ledger

ASSETS

$110$ Cash

$111$ Petty Cash

$112$ Accounts Receivable

$114$ Interest Receivable

$115$ Notes Receivable

$116$ Inventory

$117$ Supplies

$119$ Prepaid Insurance

$120$ Land

$121$ Building

$122$ Accumulated Depreciation$-$Building

$123$ Delivery Truck

$124$ Accumulated Depreciation$-$Delivery Truck

$125$ Machinery

$126$ Accumulated Depreciation$-$Machinery

$132$ Goodwill

$133$ Patents

LIABILITIES

$210$ Accounts Payable

$211$ Salaries Payable

$213$ Sales Tax Payable

$214$ Interest Payable

$215$ Notes Payable

EQUITY

$310$ Common Stock

$311$ Retained Earnings

$312$ Dividends

REVENUE

$410$ Sales

$610$ Interest Revenue

EXPENSES

$510$ Cost of Goods Sold

$520$ Salaries Expense

$521$ Advertising Expense

$522$ Supplies Expense

$523$ Delivery Expense

$524$ Rent Expense

$525$ Insurance Expense

$531$ Repairs and Maintenance Expense

$532$ Delivery Truck Repair Expense

$541$ Depreciation Expense$-$Building

$542$ Depreciation Expense$-$Delivery Truck

$543$ Depreciation Expense$-$Machinery

$544$ Amortization Expense$-$Patents

$591$ Miscellaneous Expense

$710$ Interest Expense Journalize the entries for the upgrade to delivery truck and oil change expenditures on April $15.$ Refer to the Chart of Accounts for exact wording of account titles.

PAGE $1$

JOURNALACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY