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QS 10-8 Revenue and capital expenditures LO C3 a. Paid $40,000 cash to replace a compressor on a refrigeration system that ex
2. Prepare the journal entries to record transactions a and d. View transaction list Journal entry worksheet Paid $40,000 cas
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Answer #1
a. Capital expenditure
b. Revenue expenditure
c. Revenue expenditure
d. Capital expenditure
Date Account Titles and Explanation Debit Credit
a. Refrigerator $     40,000
Cash $        40,000
b. Office building $ 2,25,000
Cash $    2,25,000

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