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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. Tanuary January 2
Required information [The following information applies to the questions displayed below.) Precision Construction entered into the following transactions during a recent year. Tanuary January 2 Purchased a bulldozer for $288,000 by paying $39,000 cash and signing a $249,000 note due in five years. 3 Replaced the steel tracks on the bulldozer at a cost of $39,000, purchased on account. The new steel tracks increase the bulldozer's operating efficiency. 30 Wrote a check for the amount owed on account for the work completed on January 3. 1 Repaired the leather seat on the bulldozer and wrote a check for the full $2,700 cost. 1 Paid $15,000 cash for the rights to use computer software for a two-year period. January February March 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 Assets Liabilities Stockholders' Equity January 02 January 03 January 30 February 01 March 01
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