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Sheffield Corp. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order.

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Sheffield Corp. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (If an amount reduces the account balance then enter with a negative sign preceding the number, eg. 15,000 or parenthesis, eg. (15,000)

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