Required information [The following information applies to the questions displayed below) Onslow Company purchased a used machine for $192,000 cash on January 2. On January 3, Onslow paid $8,000 to wire electricity to the machine. Onslow paid an additional $1,600 on January 4 to secure the machine for operation The machine will be used for six years and have a $23,040 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of equired: Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs incurred. View transaction list Journal entry worksheet 1 2 3 BR 2A 10 HE Next > Required information Journal entry worksheet of 3 1 2 3 > Record the purchase of a used machine for $192,000 cash, apped Note: Enter debits before credits -Book General Journal Debit Credit Date January 02 Print Terences C N 2 4 3 of 10 raw 13 Record the costs of $8,000 incurred on the used machine. od Note: Enter debits before credits SOK Debit Date General Journal Credit January 03 ences 2. WS Prev 3 4 of 10 !!! Next > Journal entry worksheet 1 of 3 1 2 Record the cost of $1,600 for an operating platform its Skipped Note: Enter debits before credits look General Journal Debit Credit Date January 04 Print references aw Required information [The following information applies to the questions displayed below) Onslow Company purchased a used machine for $192,000 cash on January 2. On January 3, Onslow paid $8,000 to wire electricity to the machine. Onslow paid an additional $1,600 on January 4 to secure the machine for operation The machine will be used for six years and have a $23,040 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of equired: Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs incurred. View transaction list Journal entry worksheet 1 2 3 BR 2A 10 HE Next > Required information Journal entry worksheet of 3 1 2 3 > Record the purchase of a used machine for $192,000 cash, apped Note: Enter debits before credits -Book General Journal Debit Credit Date January 02 Print Terences C N 2 4 3 of 10 raw 13 Record the costs of $8,000 incurred on the used machine. od Note: Enter debits before credits SOK Debit Date General Journal Credit January 03 ences 2. WS Prev 3 4 of 10 !!! Next > Journal entry worksheet 1 of 3 1 2 Record the cost of $1,600 for an operating platform its Skipped Note: Enter debits before credits look General Journal Debit Credit Date January 04 Print references aw
