Pronghorn Company had the following two transactions related to its delivery truck. Paid $110 for an oil change. Paid $550 to install special gear unit, which increases the operating efficiency of the truck. 1. 2. Prepare Pronghorn's journal entries to record these two transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.)

Pronghorn Company had the following two transactions related to its delivery truck. Paid $110 for an oil change. Paid $550 to install special gear unit, which increases the operating efficiency of the truck. 1. 2. Prepare Pronghorn's journal entries to record these two transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.)

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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