Precision construction entered into the following transactions during a recent year....

Help me answer Rep. 2 & Rep. 3 as Rep. 1 has been completed!

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 $268,000 by paying $29,000 cash and signing $239,000 note due in five January 3 Replaced the steel tracks on the bulldozer at a cost of $29,000, purchased on account. The new January 30 Wrote a check for the amount owed on account for the work completed onJ years steel tracks increase the bulldozer's operating efficiency February 1 Repaired the leather seat on the bulldozer and wrote a check for the fu, S , cost. March Paid $9,000 cash for the rights to use computer software for a two-year period. 1-b. Prepare the journal entries for each of the above transactions. 2. 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 $49,000 residual value. 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. Complete this question by entering your answers in the tabs below. Req 1B Req 2 Req 3 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet Date Debit Credit No General Journal 268,000 January 02 Equipment Cash 29,000 Notes Payable (long-term) 239,000 2January 03 Equipment 29,000 29,000 Accounts Payable January 30 Accounts Payable 29,000 Cash 29,000 4February 01 Repairs and Maintenance Expense Cash 1,700 1,700 March 01 Licensing Rights 9,000 9,000 Cash Req 1B Req 2 > Complete this question by entering your answers in the tabs below Req 3 Req 1B Req 2 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 $49,000 residual value. (Do not round intermediate calculations.) Partial Year Depreciation-Equipment Amortization-Licensing Rights Req 1B Req 3 Req 2 Req 3 Req 18 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.) View transaction list Journal entry worksheet Record the depreciation and amortization expense on the bulldozer and computer software for the quarter ended March 31 Note: Enter debits before credits Date General Journal Debit Credit March 31 Record entry View general journal Clear entry