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Capital and revenue expenditures Quality Move Company made the following expenditures on one of its delivery trucks: March 20. Replaced the transmission at a cost of $7,040. June 11. Paid $1,600 for installation of a hydraulic lift. November 30. Paid $71 to change the oil and air filter. Journalize the entry for each expenditure. If an amount box does not require an entry, leave it blank. March 20 June 11 Tint Rom November 30 00

Capital and revenue expenditures Quality Move Company made the following expenditures on one of its delivery trucks: March 20. Replaced the transmission at a cost of $7,040. June 11. Paid $1,600 for installation of a hydraulic lift. November 30. Paid $71 to change the oil and air filter. Journalize the entry for each expenditure. If an amount box does not require an entry, leave it blank. March 20 June 11 Tint Rom November 30 00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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< Capital and revenue expenditures Quality Move Company made the following expenditures on one of its delivery trucks: Replaced the transmission at a cost of $7,040. Paid $1,600 for installation of a hydraulic lift. Paid $71 to change the oil and air filter. March 20. June 11. November 30. Journalize the entry for each expenditure. If an amount box does not require an entry, leave it blank. March 20 June 11 November 30 00 00 00 00 00 00
Transcribed Image Text:< Capital and revenue expenditures Quality Move Company made the following expenditures on one of its delivery trucks: Replaced the transmission at a cost of $7,040. Paid $1,600 for installation of a hydraulic lift. Paid $71 to change the oil and air filter. March 20. June 11. November 30. Journalize the entry for each expenditure. If an amount box does not require an entry, leave it blank. March 20 June 11 November 30 00 00 00 00 00 00
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