Transcribed image text: Assume that Trent Warehousing completed the following transactions (Click here to view the transaction data.) Trent Warehousing's amortization policy states that the company will take a full month's amortization on purchases occurring up to and on the 15th day of the month and will not take any amortization for the occurs after the 15th day of the month Required Record the transactions in the general joumal, indicating whether each transaction amount should be capitalized as an asset or expensed Round all calculations to the nearest dollar Enter the transactions in the General Journal Mar 3, 2019. Paid $8.750 cash for a used forklift (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date 2019 Accounts Debit Credit Mar. 3 Mar 5, 2019. Paid 51.700 to have the forklift engine overhauled Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question TUTU OLIY Motization policy states that the company will take a full month's amortization on purchases occurring up to and or occurs after the 15th day of the month Required Record the transactions in the general joumal indicating whether each transaction amount should be capitalized as an asset or expensec verwowwwwwww Journal Entry Date 2019 Accounts Debit Credit Mar. Mar. 7. 2019. Paid 55,000 to have the forklift modified for specialized moving of large flat-screen televisions. Journal Entry Date 2019 Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Type here to search This Question: 1 pt 7 of 16 (0 complete) Assume that Trent Warehousing completed the following transactions: (Click here to view the transaction data.) Trent Warehousing's amortization policy states that the company will take a full month's amortization on purchases occurring up to and on the 15th day of occurs after the 15th day of the month. Required Record the transactions in the general journal, indicating whether each transaction amount should be capitalized as an asset or expensed. Round all calc Date 2019 Accounts Debit Credit Nov. 3 Dec 31, 2019. Used the DDB method to record amortization on the forklift. (Assume a three-year life and no residual value.) (Do not round intermediary Journal Entry Date 2019 Accounts Debit Credit Dec 31 Choose from any list or enter any number in the input fields and then continue to the next question Type here to search II Assume that Trent Warehousing completed the following transactions (Click here to view the transaction data.) Trent Warehousing's amortization policy states that the company will take a full month's amortization on purchases occurring up to and on the 15th occurs after the 15th day of the month Required Record the transactions in the general journal, indicating whether each transaction amount should be capitalized as an asset or expensed. Round Feb. 13, 2020. Replaced the forklift's broken fork for $550 cash, the deductible on Trent Warehousing's insurance. The new fork will not increase th Journal Entry Date 2020 Accounts Debit Credit Feb. 13 Jul 10, 2020. Traded in the forklift for a new forklift costing $22,000. The dealer granted a $3,750 allowance on the old forklift, and Trent Warehous then recorded the exchange of the forklifts. This transaction has commercial substance The first step in the trade is to bring the amortization up to date Record the amortization (Round your answer to the nearest whole dollar.) Choose from any list or enter any number in the input fields and then continue to the next question W Type here to search Assume thal Trent Warehousing completed the following transactions: (Click here to view the transaction data.) Trent Warehousing's amortization policy states that the company will take a full month's amortization on purchases occurring up to and occurs after the 15th day of the month Required Record the transactions in the general journal, indicating whether each transaction amount should be capitalized as an asset or expense 10 The next step is to record the trade-in. Journal Entry Date 2020 Accounts Debit Credit Jul 10 Choose from any list or enter any number in the input fields and then continue to the next question Type here to search E > 7 46 (0 complete) Overview question 7 of 16, complete Transaction Data ra mi month vh Ins to t 2019 Mar. 3 Paid $8,750 cash for a used forklift 5 Paid $1.700 to have the forklift engine overhauled. 7 Paid $5,000 to have the forklift modified for specialized moving of large flat-screen televisions Nov. 3 Paid $700 for an oil change and regular maintenance, Dec 31 Used the DDB method to record amortization on the forklift. (Assume a three-year life and no residual value) 2020 Feb 13 Replaced the forklift's broken fork for $550 cash, the deductible on Trent Warehousing's insurance. The new fork will not increase the useful life of the forklift Jul 10 Traded in the forklift for a new forklift costing $22000. The dealer granted a $3.750 allowance on the old forklift , and Trent Warehousing paid the balance in cash. Recorded 2020 amortization for the year to date and then recorded the exchange of the forklifts. This transaction has commercial substance Dec 31 Used the DDB method to record amortization on the new forklift (Assume a five-vear life and no residual value> ion Print Done Transcribed image text: Assume that Trent Warehousing completed the following transactions (Click here to view the transaction data.) Trent Warehousing's amortization policy states that the company will take a full month's amortization on purchases occurring up to and on the 15th day of the month and will not take any amortization for the occurs after the 15th day of the month Required Record the transactions in the general joumal, indicating whether each transaction amount should be capitalized as an asset or expensed Round all calculations to the nearest dollar Enter the transactions in the General Journal Mar 3, 2019. Paid $8.750 cash for a used forklift (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date 2019 Accounts Debit Credit Mar. 3 Mar 5, 2019. Paid 51.700 to have the forklift engine overhauled Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question TUTU OLIY Motization policy states that the company will take a full month's amortization on purchases occurring up to and or occurs after the 15th day of the month Required Record the transactions in the general joumal indicating whether each transaction amount should be capitalized as an asset or expensec verwowwwwwww Journal Entry Date 2019 Accounts Debit Credit Mar. Mar. 7. 2019. Paid 55,000 to have the forklift modified for specialized moving of large flat-screen televisions. Journal Entry Date 2019 Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Type here to search This Question: 1 pt 7 of 16 (0 complete) Assume that Trent Warehousing completed the following transactions: (Click here to view the transaction data.) Trent Warehousing's amortization policy states that the company will take a full month's amortization on purchases occurring up to and on the 15th day of occurs after the 15th day of the month. Required Record the transactions in the general journal, indicating whether each transaction amount should be capitalized as an asset or expensed. Round all calc Date 2019 Accounts Debit Credit Nov. 3 Dec 31, 2019. Used the DDB method to record amortization on the forklift. (Assume a three-year life and no residual value.) (Do not round intermediary Journal Entry Date 2019 Accounts Debit Credit Dec 31 Choose from any list or enter any number in the input fields and then continue to the next question Type here to search II Assume that Trent Warehousing completed the following transactions (Click here to view the transaction data.) Trent Warehousing's amortization policy states that the company will take a full month's amortization on purchases occurring up to and on the 15th occurs after the 15th day of the month Required Record the transactions in the general journal, indicating whether each transaction amount should be capitalized as an asset or expensed. Round Feb. 13, 2020. Replaced the forklift's broken fork for $550 cash, the deductible on Trent Warehousing's insurance. The new fork will not increase th Journal Entry Date 2020 Accounts Debit Credit Feb. 13 Jul 10, 2020. Traded in the forklift for a new forklift costing $22,000. The dealer granted a $3,750 allowance on the old forklift, and Trent Warehous then recorded the exchange of the forklifts. This transaction has commercial substance The first step in the trade is to bring the amortization up to date Record the amortization (Round your answer to the nearest whole dollar.) Choose from any list or enter any number in the input fields and then continue to the next question W Type here to search Assume thal Trent Warehousing completed the following transactions: (Click here to view the transaction data.) Trent Warehousing's amortization policy states that the company will take a full month's amortization on purchases occurring up to and occurs after the 15th day of the month Required Record the transactions in the general journal, indicating whether each transaction amount should be capitalized as an asset or expense 10 The next step is to record the trade-in. Journal Entry Date 2020 Accounts Debit Credit Jul 10 Choose from any list or enter any number in the input fields and then continue to the next question Type here to search E > 7 46 (0 complete) Overview question 7 of 16, complete Transaction Data ra mi month vh Ins to t 2019 Mar. 3 Paid $8,750 cash for a used forklift 5 Paid $1.700 to have the forklift engine overhauled. 7 Paid $5,000 to have the forklift modified for specialized moving of large flat-screen televisions Nov. 3 Paid $700 for an oil change and regular maintenance, Dec 31 Used the DDB method to record amortization on the forklift. (Assume a three-year life and no residual value) 2020 Feb 13 Replaced the forklift's broken fork for $550 cash, the deductible on Trent Warehousing's insurance. The new fork will not increase the useful life of the forklift Jul 10 Traded in the forklift for a new forklift costing $22000. The dealer granted a $3.750 allowance on the old forklift , and Trent Warehousing paid the balance in cash. Recorded 2020 amortization for the year to date and then recorded the exchange of the forklifts. This transaction has commercial substance Dec 31 Used the DDB method to record amortization on the new forklift (Assume a five-vear life and no residual value> ion Print Done