COLLEGE ACCOUNTING CH. 1-9 (LOW COST)
23rd Edition
ISBN: 9780357069493
Author: HEINTZ
Publisher: CENGAGE L
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Question
Chapter 18, Problem 4SEB
1.
To determine
Journalize the addition of second mower deck to the Tractor A.
2.
To determine
Journalize the replacement of the engine in Mower D.
3.
To determine
Prepare journal entry for the payment of repairs expense.
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Journal Entries: Repairs, Maintenance, Additions, Improvements, and Replacements
Prepare the entries for the following transactions for Stepanski's Food Mart using a
general journal:
1. Replaced the checkout computer in Checkout Stand A for $3,500 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 $1,000 cash to decrease checkout
time.
Cleaned scanner window on Checkout Stand A for $30 cash (normal
maintenance).
Page: 1
DOC. POST.
NO. REF.
DATE ACCOUNT TITLE
DEBIT CREDIT
1 1.
2
2
3
3
4 2.
4
5
6
7 3.
8
8
Santa Rosa recently purchased a new boat to help ship product overseas. The following information is related to that purchase:
Purchase price $4,100,000
Cost to bring boat to production facility $29,000
Yearly insurance cost $29,000
Annual maintenance cost of $40,000
Received 6% discount on sales price
A. Determine the acquisition cost of the boat.
$?
B. Record the journal entry needed. If an amount box does not require an entry, leave it blank.
Remember the customer who convinced you to sell a
paddleboard? Be sure to record that transaction via a journal
entry. You'll want to recognize the original cost of the board
($1,200) and the gain on the sale. As a reminder, the
customer paid $1,500. Note: Don't worry about depreciation
in this instance, given the paddleboard was only in service
less than two weeks.
Chapter 18 Solutions
COLLEGE ACCOUNTING CH. 1-9 (LOW COST)
Ch. 18 - Prob. 1TFCh. 18 - Prob. 2TFCh. 18 - Depreciation is a process of asset valuation; that...Ch. 18 - The straight-line method of depreciation allocates...Ch. 18 - Prob. 5TFCh. 18 - Prob. 1MCCh. 18 - Prob. 2MCCh. 18 - Prob. 3MCCh. 18 - Prob. 4MCCh. 18 - Prob. 5MC
Ch. 18 - The following costs were incurred to purchase a...Ch. 18 - Prob. 2CECh. 18 - A machine costing 350,000 has a salvage value of...Ch. 18 - Grandorf Company replaced the engine in a truck...Ch. 18 - Prepare journal entries for the following...Ch. 18 - Prob. 6CECh. 18 - Prob. 7CECh. 18 - Prob. 1RQCh. 18 - Prob. 2RQCh. 18 - Prob. 3RQCh. 18 - What is meant by the depreciable cost of a plant...Ch. 18 - Prob. 5RQCh. 18 - Prob. 6RQCh. 18 - Prob. 7RQCh. 18 - For assets acquired after 1986, but before...Ch. 18 - Prob. 9RQCh. 18 - Prob. 10RQCh. 18 - Prob. 11RQCh. 18 - Prob. 12RQCh. 18 - Prob. 13RQCh. 18 - Prob. 14RQCh. 18 - Prob. 15RQCh. 18 - Prob. 16RQCh. 18 - Prob. 17RQCh. 18 - Prob. 18RQCh. 18 - Prob. 19RQCh. 18 - Prob. 20RQCh. 18 - Prob. 21RQCh. 18 - Prob. 22RQCh. 18 - Prob. 23RQCh. 18 - Prob. 1SEACh. 18 - STRAIGHT-LINE, DECLINING-BALANCE, AND...Ch. 18 - UNITS-OF-PRODUCTION METHOD The truck purchased in...Ch. 18 - Prob. 4SEACh. 18 - JOURNAL ENTRIES: DISPOSITION OF PLANT ASSETS...Ch. 18 - Prob. 6SEACh. 18 - STRAIGHT-LINE, DECLINING-BALANCE,...Ch. 18 - UNITS-OF-PRODUCTION METHOD A machine is purchased...Ch. 18 - CALCULATING AND JOURNALIZING DEPRECIATION...Ch. 18 - IMPACT OF IMPROVEMENTS AND REPLACEMENTS ON THE...Ch. 18 - DISPOSITION OF ASSETS: JOURNALIZING Mitchell Parts...Ch. 18 - DEPLETION: CALCULATING AND JOURNALIZING Mineral...Ch. 18 - INTANGIBLE LONG-TERM ASSETS Track Town Co. had the...Ch. 18 - Prob. 1SEBCh. 18 - STRAIGHT-LINE, DECLINING-BALANCE, AND...Ch. 18 - Prob. 3SEBCh. 18 - Prob. 4SEBCh. 18 - JOURNAL ENTRIES: DISPOSITION OF PLANT ASSETS...Ch. 18 - Prob. 6SEBCh. 18 - STRAIGHT-LINE, DECLINING-BALANCE,...Ch. 18 - UNITS-OF-PRODUCTION METHOD A machine is purchased...Ch. 18 - CALCULATING AND JOURNALIZING DEPRECIATION...Ch. 18 - IMPACT OF IMPROVEMENTS AND REPLACEMENTS ON THE...Ch. 18 - DISPOSITION OF ASSETS: JOURNALIZING Mayer Delivery...Ch. 18 - DEPLETION: CALCULATING AND JOURNALIZING Mining...Ch. 18 - Prob. 13SPBCh. 18 - Prob. 1MYWCh. 18 - Creative Solutions purchased a patent from Russell...Ch. 18 - On April 1, 20-3, Kwik Kopy Printing purchased a...Ch. 18 - Prob. 1CP
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