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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
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 $206,000 by paying $30,000 cash and signing a $240,000 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 efficie 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. Complete set for the above romaner any decreases to AS, Labtes, or Stockhode culty & minus) Assets Date ay 02 Liabilities Stockholders' Equity Jay 03 January February 01 March 01
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