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Required information [The following information applies to the questions displayed beiow] Precision Construction entered into the following transactions during a recent year. January 2. Purchased
Required information [The following information applies to the questions displayed beiow] Precision Construction entered into the following transactions during a recent year. January 2. Purchased a bulldoner for $230,000 by paying 535,000 cant and 51901ng a 5245,000 note due in five years. January 3 Replaced the steel traeks on the bulldozer at a cont of $35,000, parchased on account. The ner steel tracks increase the bulldezer's operating effieiency. January 30 Wrote a check for the anouat owed on aceount for the work completed on January 3. rebraary 1 . Repaired tbe leather seat on the bulldozer and wrote a check for the fall $2.300 eost. rarek 1 Paid $12,600 essh for the rights to use cospater softuare tor 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.)
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