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Questions 10-11 (of 11) The following information applies to the questions displayed below. Precision Construction entered into the following transactions during a recent year. January

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Questions 10-11 (of 11) 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 $262,000 by paying $26,000 cash and signing a $236,000 note due in five years. January 3 Replaced the steel tracks on the buldozer at a cost of $26,000, purchased on account. January 30 Wrote a check for the amount owed on account for the work completed on January 3 February 1 Replaced the seat on the bulldozer and wrote a check for the full $1,400 cost. March 1 Paid $7,200 cash for the rights to use computer software for a two-year period. 10. 0.3 points Required 1-a. Complete the table below, indicating the account, amount, and direction of the effect +for increase and - for decrease) for the above transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) 23

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