Homework Answers
| Date | Account Titles and Names | Debit | Credit |
| Mar 20 | Accumulated Depreciation-Delivery truck | $1,725 | |
| Cash | $1,725 | ||
| June-11 | Delivery Truck | $1,365 | |
| Cash | $1,365 | ||
| Nov 30 | Repairs and Maintenance | $57 | |
| Cash | $57 |
Add Answer to:
Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20 June...
Capital Expenditures and Revenue Expenditures Quality Move Company made the following expenditures on one of its...
Capital Expenditures and Revenue Expenditures Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20. Replaced the transmission at a cost of $6,700. June 11. Paid $1,770 for installation of a hydraulic lift. Nov. 30. Paid $80 to change the oil and air filter. Prepare the journal entries for each expenditure. If an amount box does not require an entry, leave it blank. Mar. 20 Accumulated Depreciation-Delivery Truck Cash June 11 Delivery Truck Cash Nov....
Capital and revenue expenditures Instructions Quality Move Company made the following expenditures on one of its...
Capital and revenue expenditures Instructions Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20 Replaced the transmission at a cost of $1,990. June 11 Paid $1,455 for installation of a hydraulic lift. Nov. 30 Paid $57 to change the oil and air filter. Prepare journal entries for each expenditure. Refer to the Chart of Accounts for exact wording of account title. CHART OF ACCOUNTS Quality Move Company General Ledger ASSETS 110 Cash 111 Petty...
Instructions Quality Move Company made the following expenditures on one of its delivery trucks: Replaced the...
Instructions Quality Move Company made the following expenditures on one of its delivery trucks: Replaced the transmission at a cost of $1,805. Mar. 20 Paid $1,305 for installation of a hydraulic lift. June 11 Paid $54 to change the oil and air filter. Nov. 30 Prepare journal entries for each expenditure. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts Quality Move Company General Ledger ASSETS REVENUE 410 Sales 110 Cash 111 Petty Cash...
eBook Calculator Capital and Revenue Expenditures Warner Freight Lines Co. incurred the following costs related to...
eBook Calculator Capital and Revenue Expenditures Warner Freight Lines Co. incurred the following costs related to trucks and vans used in operating its delivery service: Classificati Classify each of the costs as a capital expenditure or a revenue expenditure. Cost 1. Changed the oil and greased the joints of all the trucks and Vans. 2. Changed the radiator fluid on a truck that had been in service for the past four years, 3. Installed a hydraulic lift to a van....
11. EX.09-13 Capital and Revenue Expenditures Warner Freight Lines Co. incurred the following costs related to...
11. EX.09-13 Capital and Revenue Expenditures Warner Freight Lines Co. incurred the following costs related to trucks and vans used in operating its delivery service: Classify each of the costs as a capital expenditure or a revenue expenditure. Classification Cost 1. Changed the oil and greased the joints of all the trucks and vans. Changed the radiator fluid on a truck that had been in service for the past four years. 3. Installed a hydraulic lift to a van. 4....
The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. All are related to the use of delivery equipment. The double-declining-balance method of depreciation is used.
The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. All are related to the use of delivery equipment. The double-declining-balance method of depreciation is used.Year 1Jan. 4.Purchased a used delivery truck for $29,200, paying cash.Nov. 2.Paid garage $650 for miscellaneous repairs to the truck.Dec. 31.Recorded depreciation on the truck for the year. The estimated useful life of the truck is four years, with a residual value of $4,505 for the truck.Year 2Jan. 6.Purchased a new truck for $49,900, paying...
Instructions Quality Move Company made the following expenditures on one of its delivery trucks: Replaced the transmission at a cost of $1,805. Mar. 20 Paid $1,305 for installation of a hydraulic lift. June 11 Paid $54 to change the oil and air filter. Nov. 30 Prepare journal entries for each expenditure. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts Quality Move Company General Ledger ASSETS REVENUE 410 Sales 110 Cash 111 Petty Cash...
eBook Calculator Capital and Revenue Expenditures Warner Freight Lines Co. incurred the following costs related to trucks and vans used in operating its delivery service: Classificati Classify each of the costs as a capital expenditure or a revenue expenditure. Cost 1. Changed the oil and greased the joints of all the trucks and Vans. 2. Changed the radiator fluid on a truck that had been in service for the past four years, 3. Installed a hydraulic lift to a van....
11. EX.09-13 Capital and Revenue Expenditures Warner Freight Lines Co. incurred the following costs related to trucks and vans used in operating its delivery service: Classify each of the costs as a capital expenditure or a revenue expenditure. Classification Cost 1. Changed the oil and greased the joints of all the trucks and vans. Changed the radiator fluid on a truck that had been in service for the past four years. 3. Installed a hydraulic lift to a van. 4....
Most questions answered within 3 hours.
-
(Ratio Analysis): Last year Co. XYZ had sales of $ 400,000, with
“cost of goods sold”...
asked 2 minutes ago -
1. If a corporation purchases land and building and subsequently
tears down the building and uses...
asked 9 minutes ago -
Consider a 23-year bond with 7 percent annual coupon payments.
The market rate (YTM) is 6.4...
asked 12 minutes ago -
a tuba creates a 4th harmonic of frequency 116.5 Hz. what is the
frequency of the...
asked 19 minutes ago -
A coconut mass 2kg falls from a 30m tall tree. The coconut falls
and comes to...
asked 22 minutes ago -
Group Policies
Research GROUP POLICY OBJECTS (GPO'S)
You can start in the Windows Server 2012 eBook...
asked 26 minutes ago -
software engineering
Problems.
Create a use case diagram for class registration for a
university.
Create a...
asked 26 minutes ago -
You are trying to convince your friend who wants to attend
medical school to take BY123...
asked 41 minutes ago -
Subject: C++
I have created a class called QueueOfIntegers in a file called
QueueOfIntegers.h, which is...
asked 40 minutes ago -
calculate the number of molecules of gas in a
container of 2.0 liter at 30 degrees...
asked 58 minutes ago -
1.which of the following is a phototroph?
a. sulfolobus
b. chloroflexus
c. bacteroidetes
d. deinococcus radioduran...
asked 54 minutes ago -
The group of companies LC "High-precision measuring instruments"
is the global provider of measurement, analysis and...
asked 1 hour ago