Homework Answers
Answer- Journal Entries
| Transaction | General Journal | Debit ($) | Credit ($) |
| 1 | Equipment | 13,750 | |
| Cash | 13,750 | ||
| (To record betterment) | |||
| 2 | Repairs Expenses | 3,438 | |
| Cash | 3,438 | ||
| (To record ordinary repairs) | |||
| 3 | Equipment | 6,700 | |
| Cash | 6,700 | ||
| (To record extraordinary repairs) |
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Oki Company pays $277400 for equipment expected to last four years and have a $30,000 salvage value. Prepare jour...
Oki Company pays $264,000 for equipment expected to last four years and have a $29,000 salvage...
Oki Company pays $264,000 for equipment expected to last four years and have a $29,000 salvage value. Prepare journal entriesto record the following costs related to the equipment 1. Paid $22,000 cash for a new component that increased the equipment's productivity 2. Paid $6,250 cash for minor repairs necessary to keep the equipment working well. 3. Pald $14,870 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction list Journal entry...
Oki Company pays $262,100 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal e...
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Oki Company pays $264,000 for equipment expected to last four years and have a $29.000 salvage...
Oki Company pays $264,000 for equipment expected to last four years and have a $29.000 salvage value. P record the following costs related to the equipment. 1. Paid $22,000 cash for a new component that increased the equipment's productivity 2. Paid $6,250 cash for minor repairs necessary to keep the equipment working well. 3. Paid $14,870 cash for significant repairs to increase the useful life of the equipment from four to seven year View transaction list Journal entry worksheet <...
Okl Company pays $305,500 for equipment expected to last four years and have a $30,000 salvage...
Okl Company pays $305,500 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment 1. During the second year of the equipment's life, $18,050 cash is paid for a new component expected to increase the equipment's productivity by 10% a year. 2. During the third year, $4,513 cash is paid for normal repairs necessary to keep the equipment in good working order. 3. During the...
please help Oki Company pays $253,100 for equipment expected to last four years and have a...
please
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Oki Company pays $253,100 for equipment expected to last four years and have a $30,000 salvage value. Prepare Journal entries to record the following costs related to the equlpment 1, During the second year of the equipment's life, $27400 cash Is pald for a new component expected to Increase the equipment's productivity by 10% a year. 2 Durtng the third year, $6.850 cash is pald for normal repairs necessary to keep the equipment In good working order 3....
Chapter 08 Homework A Saved Oki Company pays $265,800 for equipment expected to last four years...
Chapter 08 Homework A Saved Oki Company pays $265,800 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment points 1. During the second year of the equipment's life, $19,000 cash is paid for a new component expected to increase the equipment's productivity by 10% a year. 2. During the third year, $4,750 cash is paid for normal repairs necessary to keep the equipment in...
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Okl Company pays $264,000 for equipment expected to last four years and have a $29,000 salvage value. Prepare journal entri record the following costs related to the equipment. 1. Paid $22,000 cash for a new component that increased the equipment's productivity 2. Paid $6,250 cash for minor repairs necessary to keep the equipment working well. 3. Paid $14,870 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction list Journal entry...
Oki Company pays $300,350 for equipment expected to last four years and have a $30,000 salvage...
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Exercise 10-14 Ordinary repairs, extraordinary repairs, and betterments LO C3 Oki Company pays $256,600 for equipment...
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Garcia Co. owns equipment that cost $80,000, with accumulated depreciation of $42,400. Record the sale of...
Garcia Co. owns equipment that cost $80,000, with accumulated depreciation of $42,400. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,400 cash, (2) $37,600 cash, and (3) $32,500 cash View transaction list Journal entry worksheet A B C Record the sale of equipment assuming Garcia sells the equipment for $49,400 cash Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal...
Oki Company pays $264,000 for equipment expected to last four years and have a $29,000 salvage value. Prepare journal entriesto record the following costs related to the equipment 1. Paid $22,000 cash for a new component that increased the equipment's productivity 2. Paid $6,250 cash for minor repairs necessary to keep the equipment working well. 3. Pald $14,870 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction list Journal entry...
Oki Company pays $262,100 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment. 1. During the second year of the equipment's life, $15,300 cash is paid for a new component expected to increase the equipment's productivity by 10% a year. 2. During the third year, $3,825 cash is paid for normal repairs necessary to keep the equipment in good working order. 3. During the...
Oki Company pays $264,000 for equipment expected to last four years and have a $29.000 salvage value. P record the following costs related to the equipment. 1. Paid $22,000 cash for a new component that increased the equipment's productivity 2. Paid $6,250 cash for minor repairs necessary to keep the equipment working well. 3. Paid $14,870 cash for significant repairs to increase the useful life of the equipment from four to seven year View transaction list Journal entry worksheet <...
Okl Company pays $305,500 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment 1. During the second year of the equipment's life, $18,050 cash is paid for a new component expected to increase the equipment's productivity by 10% a year. 2. During the third year, $4,513 cash is paid for normal repairs necessary to keep the equipment in good working order. 3. During the...
please
help
Oki Company pays $253,100 for equipment expected to last four years and have a $30,000 salvage value. Prepare Journal entries to record the following costs related to the equlpment 1, During the second year of the equipment's life, $27400 cash Is pald for a new component expected to Increase the equipment's productivity by 10% a year. 2 Durtng the third year, $6.850 cash is pald for normal repairs necessary to keep the equipment In good working order 3....
Chapter 08 Homework A Saved Oki Company pays $265,800 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment points 1. During the second year of the equipment's life, $19,000 cash is paid for a new component expected to increase the equipment's productivity by 10% a year. 2. During the third year, $4,750 cash is paid for normal repairs necessary to keep the equipment in...
Okl Company pays $264,000 for equipment expected to last four years and have a $29,000 salvage value. Prepare journal entri record the following costs related to the equipment. 1. Paid $22,000 cash for a new component that increased the equipment's productivity 2. Paid $6,250 cash for minor repairs necessary to keep the equipment working well. 3. Paid $14,870 cash for significant repairs to increase the useful life of the equipment from four to seven years. View transaction list Journal entry...
Oki Company pays $300,350 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment. 1. During the second year of the equipment's life, $14,950 cash is paid for a new component expected to increase the equipment's productivity by 10% a year. 2. During the third year, $3,738 cash is paid for normal repairs necessary to keep the equipment in good working order. 3. During the...
Exercise 10-14 Ordinary repairs, extraordinary repairs, and betterments LO C3 Oki Company pays $256,600 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment 1. During the second year of the equipment's life, $23.250 cash is paid for a new component expected to increase the equipment's productivity by 10% a year 2. During the third year, $5,813 cash is paid for normal repairs necessary to...
Garcia Co. owns equipment that cost $80,000, with accumulated depreciation of $42,400. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,400 cash, (2) $37,600 cash, and (3) $32,500 cash View transaction list Journal entry worksheet A B C Record the sale of equipment assuming Garcia sells the equipment for $49,400 cash Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal...
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