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Required information [The following information applies to the questions displayed below.] Precision Construction entered into the following transactions during a recent year. January 2

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Required information [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 $278,000 by paying $34,000 cash and signing a $244,000 note due in five years. January 3 Replaced the steel tracks on the bulldozer at a cost of $34,000, 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 $2,200 cost. March 1 Paid $12,000 cash for the rights to use computer software for a two-year period. Required: 1-a. Complete the table below, for the above transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Date January 02 January 02 Assets Equipment January 03 January 30 February 01 March 01 March 01 Liabilities + Stockholders' Equity

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