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Please don't only answer a few parts of the question and answer all of it thoroughly and completely. Thank you. Required information [The following information
Please don't only answer a few parts of the question and answer all of it thoroughly and completely. Thank you.
Required information [The following information applies to the questions displayed below.] At the beginning of the year, Kurtz Affiliates bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. Prepare the journal entry to record year 2 straight-line depreciation expense for Machine A, assuming an estimated life of 4 years nd $1,000 residual value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account ield.) Journal entry worksheet Record the year 2 depreciation expense for Machine A. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below.] Precision Construction entered into the following transactions during a recent year. January 2 Purchased a bulldozer for $290,000 by paying $40,000 cash and signing a $250,000 note due in five years. January 3 Replaced the steel tracks on the bulldozer at a cost of $40,000, purchased on account. The new steel tracks increase the bulldozer's operating efficiency. January 30 Wrote a check for the amount owed on account for the work completed on January 3. February 1 Repaired the leather seat on the bulldozer and wrote a check for the full $2,800 cost. March 1 Paid $15,600 cash for the rights to use computer software for a two-year period. Required: 1-a. Complete the table below, for the above transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)Step by Step Solution
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