Required information PA9-3 Analyzing and Recording Long-Lived Asset Transactions with Partial-Year Depreciation (LO 9-2, LO 9-3, LO 9-6] [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 $258,000 by paying $24,000 cash and signing a $234,000 note due in five years. January 3 Replaced the steel tracks on the bulldozer at a cost of $24,000, 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 $1,200 cost. March 1 Paid $6,000 cash for the rights to use computer software for a two-year period. PAS-3 Part 1-b to 3 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 $44.000 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. Reg 18 Reg 2 Reg 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 Journal entry worksheet Purchased a bulldozer for $258,000 by paying $24,000 cash and signing a $234,000 note due in five years. Record the transaction. Note: Enter debits before credits. General Journal January 02 Date care credits. Debit Credit Tiew transaction list 1 Purchased a bulldozer for $258,000 by paying $24,000 cash and signing a $234,000 note due in five years. Record the transaction. ,000 2 Replaced the steel tracks on the bulldozer at a cost of $24,000, purchased on account. Record the transaction. Credit 3 Wrote a check for the amount owed on account for the work completed on January 3. Record the transaction. 4 Repaired the leather seat on the bulldozer and wrote a check for the full 1 annet Dond the tunnen tinn Note : = journal entry has been entered Record entry Clear entry View general journal View transaction list 2 Replaced the steel tracks on the bulldozer at a cost of $24,000, purchased on account. Record the transaction. ,000 3 Wrote a check for the amount owo mon account for the work completed on January 3. Record the transaction. Repaired the leather seat on the bulldozer and wrote a check for the full $1,200 cost. Record the transaction. Credit 5 Paid $6,000 cash for the rights to use computer software for a two-year period. Record the transaction. Note : = journal entry has been entered Record entry Clear entry View general jour 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 $1,200 cost. March 1 Paid $6,000 cash for the rights to use computer software for a two-year period. PA9-3 Part 1-b to 3 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 $44,000 residual value. 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2 Complete this question by entering Reg 1B Reg 2 Reg 3 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.) Show less View transaction list Journal entry worksh Record the depreciation and amortization expense on the bulldozer and cordouter software for the quarter ended March 31. Note: Enter debits Date March 31 = 5 Debit Credit DO ST TO 12 Record entry entry View general journal