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$[$The following infomation applies to the questions displayed below.$]$

Precision Construction entered into the followng transactions during a recent year.

January $2$ Purchased a bulluozer for $$256,000$ by paying $$23,000$ cash and signing a $$233,000$ note due in five years.

January $3$ Replaced the steel tracks on the bulldozer at a cost of $$23,000,$ purchased on account. The new steel tracks Increase the bulldozer's operating efficiency.

January $30$ Wrote a check for the anount owed on account for the work conpleted on January $3.$

rebruary $1$ Repaired the leather seat on the bulldozer and wrote a check for the full $$1,100$ cost$.$

March $1$ Pald $S$,400$ cash for the rights to use conputer software for a two$-$year period.

Prepare the joumal 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, if any, that Precision Construction should report for the quarter ended March $31.$ The equipment is depreclated us the double$-$declining$-$balance method with a useful life of five years and $$43\mathrm{.}000$ residual value. The licensing right is amortized using the stralight$-$line method wth a useful life of two years and no residual value.

$3.$ Prepare a joumal entry to record he depreciation and amortization, If any, calculated in requirement $2$

Complete this question by entering your answers in the tabs below.

Reg $18$

Prepare the joumal entries for each of the above transactions. $($If no entry is required for a transaction$/$event$,$ select $"$No Joumal Entry Recuired" in the first account field.$)$

Journal entry worksheet

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$5$

Purchased a bulldozer for $$256,000$ by paying $$23,000$ cash and signing a $$233,000$ note due in five years. Record the transaction.

Note: Enter cebits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $02,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$