Required information [The following information applies to the questions displayed below.] Precision Construction entered into the...
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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 $286,000 by paying $38,000 cash and signing a $248,000 note due in five years. January 3 Replaced the steel tracks on the bulldozer at a cost of $38,000, 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 $2,600 cost.. March 1 Paid $14,400 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 January 03 January 30 February 01 March 01 March 01 Assets 45 Liabilities + + Stockha 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 $286,000 by paying $38,000 cash and signing a $248,000 note due in five years. January 3 Replaced the steel tracks on the bulldozer at a cost of $38,000, 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 $2,600 cost.. March 1 Paid $14,400 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 January 03 January 30 February 01 March 01 March 01 Assets 45 Liabilities + + Stockha
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