PRINTER VERSION BACK Additional Problem 6 Flounder Manufacturing operates a small factory building. Recently, the company paid some amounts related to its property, plant, and equipment Flounder paid $45,900 to replace part of the factory floor. The floor had been capitalized as part of the factory building when I was purchased ten years previously and not considered a separate component. When purchased the building had been assured to have a 30-year useful life and was being deprecated on a straight line basis. Ar the time of the floor replacement, the building had been depreciated for 10 years, Flounderestimated that the original cost of the floor would have been 20 cheaper than the new replacement, it to inflation. Prepare the Journal entries to record these transactions, assuming Flounder follows IFRS. ( Cicles are automatically indented when the amount in not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the Account Titles and Explanation Debit Credit (To record new factory floor.) (To record the entry for the old foor) RA Flounder paid a local company to perform some work on one of the company's forklifts (F1). The itenized Invoice for the work showed charges $320 foring the week for an oil change, $150 for replacing one of the belts, and $360 for touching up some paint Prepare the journal entry to record this transaction, assuming Flounder follows IFRS. (Credit accountities are automatically indented when the entert.com Indent manually. If no entry is required, select "No Entry for the account this and enter for the amounts) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Flounder also paid a local company 584,000 in cash for a computerized control panel. The control panel was to be added to one of Flounder ting manufacturing uchini was currently operated manually. The control panel would control the machine by computer, making it more efficient. The editing machine had been used for any for $328,000 and was depreciated on a straight-line basis over twelve years Prepare the journal entry to record this transaction, assuming Flounder follows IFRS. (Credit account titles are automatically indented when the amount D lodent manually. If no antry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Account Titles and Explanation Flounder also paid a local company $84,000 in Lash for a computerized control panel. The control panel was to be added to one of onder dating manufacturing machines, which was currently operated manually. The control panel would control the machine by computer, making it more efficient. The aisting machine had been purchased for any for $328,000 and was depreciated on a straight line basis over twelve years. Prepare the journal entry to record this transaction, assuming Flounder follows IFRS. (Credit account titles are automatically indeed when the ancienne indent manually. If no entry is required, select "No Entry" for the accountities and enter o for the amounts) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT