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QS 8-8 Revenue and capital expenditures LO C3 a. Paid $60,000 cash to replace a compressor on a refrigeration system that extends its useful life
QS 8-8 Revenue and capital expenditures LO C3 a. Paid $60,000 cash to replace a compressor on a refrigeration system that extends its useful life by four years. b. Paid $300 cash per truck for the cost of their annual tune-ups c. Pald $240 for the monthly cost of replacement filters on an air-conditioning system d. Completed an addition to an office building for $337,500 cash 1. Classify the above transactions as either a revenue expenditure or a capital expenditure 2. Prepare the journal entries to record transactions a and d Complete this question by entering your answers in the tabs below. Required 1 Required 2 Classify the above transactions as either a revenue expenditure or a capital expenditure. Transaction 2. Prepare the journal entries to record transactions a and d. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Classify the above transactions as either a revenue expenditure or a capital expenditure. Transaction Required 2 >
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