Capital and Revenue Expenditures On April 29, GTS Co. paid $1,570 to repair the transmission on one of its delivery vans. In addition, GTS paid $23 to install a GPS system in its van. Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank. April 29 Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank. 38 April 29 00

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Capital and Revenue Expenditures
On April 29, GTS Co. paid $1,570 to repair the transmission on one of its delivery vans. In addition, GTS paid $23 to install a GPS system in its van.
Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank.
April 29
Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank.
88
April 29
Transcribed Image Text:Capital and Revenue Expenditures On April 29, GTS Co. paid $1,570 to repair the transmission on one of its delivery vans. In addition, GTS paid $23 to install a GPS system in its van. Journalize the entries for the transmission. If an amount box does not require an entry, leave it blank. April 29 Journalize the entry for GPS system expenditures. If an amount box does not require an entry, leave it blank. 88 April 29
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