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WILH Scout Check my work Southwest Milling Company purchased a front-end loader to move stacks of lumber. The loader had a list price of $124,750.

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WILH Scout Check my work Southwest Milling Company purchased a front-end loader to move stacks of lumber. The loader had a list price of $124,750. The seller agreed to allow a 6.00 percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point Freight cost amounted to $2,840. Southwest Miling had to hire a specialist to calibrate the loader. The specialist's fee was $840 The loader operator is paid an annual salary of $30,460. The cost of the company's theft insurance policy increased by $1750 per year as a result of acquiring the loader. The loader had a four-year useful life and an expected salvage value of $8.600. Required a. Determine the amount to be capitalized in an asset account for the purchase of the loader b. Record the purchase in general journal format. Complete this question by entering your answers in the tabs below. Required A Required Determine the amount to be capitalized in an asset account for the purchase of the loader. (Round your answers to the nearest whole dollar. Amounts to be deducted should be indicated with minus sign Costs that are to be capitalized: List price 0 Total costs required> Check my work Required Required Record the purchase in general journal format. (if no entry is required for a transaction/event, select "No journal entry required to the first account ned. Round your answers to the nearest whole dollar) View transaction list Journal entry worksheet B > Record purchase of equipment for cash, Note: er det before credits Event General Journal Debit Credit 1 10 Check my work Required A Required 0 Record the purchase in general Journal format. (If no entry is required for a transaction/event, select "No journal entry required in the est account field. Round your answers to the nearest whole dollar) 5 ins View transaction list Journal entry worksheet Check my work Required A Required B Record the purchase in general journal format. (If no entry is required for a transaction/event, select "No journal entry required in the first account held. Round your answers to the nearest whole dollar) View transaction list Journal entry worksheet A Record cash paid for specialists fee.

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