Oriole Company had the following two transactions related to its delivery truck. 1. Paid $51 for an oil change. 2. Paid $417 to install special shelving units, which increase the operating efficiency of the truck. Prepare Oriole Company's journal entries to record these two transactions.
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- Sandhill Co. had the following two transactions related to its delivery truck. 1. Paid $55 for an oil change. 2. Paid $447 to install special shelving units, which increase the operating efficiency of the truck. Prepare Sandhill Co.’s journal entries to record these two transactions.Carla Vista Co. had the following two transactions related to its delivery truck. 1. Paid $48 for an oil change. 2. Paid $549 to install special shelving units, which increase the operating efficiency of the truck. Prepare Carla Vista Co.’s journal entries to record these two transactions.2 Harper Company had the following two transactions related to its delivery truck. What cost should be added to the delivery truck account? 1.Paid $38 for an oil change. 2.Paid $800 to install special shelving units, which increase the operating efficiency of the truck.
- On February 13, Scanlon Co. paid $1,790 to repair the transmission on one of its delivery vans. In addition, Scanlon paid $47 to install a GPS system in its van. A. Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank. B. Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank.Prepare entries for delivery truck costs. BE9.3 (LO 1), AP Krieg Company had the following two transactions related to its delivery truck. 1. Paid $38 for an oil change. 2. Paid $400 to install special shelving units, which increase the operating efficiency of the truck. Prepare Krieg's journal entries to record these two transactions. Compute straight-line depreciationBE10-3 Flaherty Company had the following two transactions related to its delivery truck. 1. Paid $45 for an oil change. 2. Paid $400 to install special gear unit, which increases the operating efficiency of the truck. Prepare Flaherty's journal entries to record these two transactions.
- On April 15, Compton Co. paid $2,850 to upgrade a delivery truck and $75 for an oil change. Journalize the entries for the upgrade to delivery truck and oil change expenditures. If an amount box does not require an entry, leave it blank.On January 2, Dixie, Incorporated, pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of $28,000. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. On January 2, Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of $28,000.Quality Move Company made the following expenditures on one of its delivery trucks:Mar. 20. Replaced the transmission at a cost of $1,890.June 11. Paid $1,350 for installation of a hydraulic lift.Nov. 30. Paid $55 to change the oil and air filter.Prepare journal entries for each expenditure.
- Adama Company incurred the following costs.Indicate to which account Adama would debit each of the costs. 1. Sales tax on factory machinery purchased $5,000 Select the account to be debited Prepaid InsuranceLand ImprovementsLandEquipmentBuilding 2. Painting of and lettering on truck immediately upon purchase 700 Select the account to be debited EquipmentPrepaid InsuranceLandLand ImprovementsBuilding 3. Installation and testing of factory machinery 2,000 Select the account to be debited BuildingLandLand ImprovementsPrepaid InsuranceEquipment 4. Real estate broker’s commission on land purchased 3,500 Select the account to be debited BuildingPrepaid InsuranceLand ImprovementsEquipmentLand 5. Insurance premium paid…On January 2, Dixie, Incorporated, pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of $28,000. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amount the debit or credit columns. View transaction list Journal entry worksheet 1 On January 2, Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of $28,000. Note: Enter debits before credits. Date Jan. 2 General Journal Accumulated depreciation Loss on disposal of machinery Equipment Debit 28,000 1,000 Credit 27,000On December 29, Patel Products, Incorporated, sells a delivery van that cost $20,000. After recording the entry to bring the accumulated depreciation up-to-date, the delivery van had accumulated depreciation of $18,000. Patel received $2,000 cash from the purchaser of the delivery van. Complete the necessary journal entry to record the sale by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet 1 On December 29, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accumulated depreciation up-to-date, the delivery van had accumulated depreciation of $18,000. Patel received $2,000 cash from the purchaser of the delivery van. Note: Enter debits before credits. Date Dec. 29 General Journal Debit Credit