Question

Journal Entries: Repairs, Maintenance, Additions, Improvements, and Replacements Prepare the entries for the following transactions for Stepanski's Food Mart using a generaljournal: 1. Replaced the checkout computer in Checkout Stand A for $1,800 cash. The computer is part of the Checkout Stand. The replacement is expected to extend the life of the checkout stand 2. Added a laser scanner to Checkout Stand B for $3,000 cash to decrease checkout time. 3. Cleaned scanner window on Checkout Stand A for $20 cash (normal maintenance) If an amount box does not require an entry, leave it blank. Page: DATE ACCOUNT TITLE %C,POST. NO. REFDEBIT CREDIT 4 2 7 3

Answer 1

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Naming convention in drop down is not available, can be slightly different: Solution: Journal Entries Date DebitCredit Account title and explaination Computer Equipment Cash To record the replacement of computer equipment) Laser Scanner Equipment Cash To record the purchase of laswer scanner) Repair and maintenance expense Cash To record the maintenance expense) 1) $ 1,800 $ 1,800 2) $ 3,000 $ 3,000 3) 20 20