a. Paid $40,000 cash to replace a compressor on a refrigeration system that extends its useful...

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a. Paid $40,000 cash to replace a compressor on a refrigeration system that extends its useful life by four years. b. Paid $2

2 Prepare the journal entries to record transactions a and d. View transaction list Journal entry worksheet 1 2 Paid $40,000

business accounting

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Answer 1

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2.

Journal

Account Title and Explanation	Debit	Credit
Equipment	40,000
Cash		40,000
(To record replacement of compressor)
Repair and maintenance expense	200
Cash		200
(To record Repair and maintenance expense )
Repair and maintenance expense	175
Cash		175
(To record Repair and maintenance expense )
Office building	125,000
Cash		125,000
(To record addition to building)

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a. Paid $40,000 cash to replace a compressor on a refrigeration system that extends its useful...

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a. Paid $40,000 cash to replace a compressor on a refrigeration system that extends its useful...

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