To record the purchase of a motor vehicle for $40,000 cash for use by the CEO. Please select the correct journal entry for it. Dr Cash Dr Cash Dr Cr Dr Cr Cr Cr Motor vehicle (b/s) Accumulated depreciation (b/s) Motor vehicle (b/s) Depreciation expense (p&l) 40,000 Cash 40,000 Cash 40,000 40,000 40,000 40,000 40,000 40,000

To record the purchase of a motor vehicle for $40,000 cash for use by the CEO. Please select the correct journal entry for it. Dr Cash Dr Cash Dr Cr Dr Cr Cr Cr Motor vehicle (b/s) Accumulated depreciation (b/s) Motor vehicle (b/s) Depreciation expense (p&l) 40,000 Cash 40,000 Cash 40,000 40,000 40,000 40,000 40,000 40,000

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section19.6: Buying Intangible Assets And Calculating Amortization Expense

Problem 1WT

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Question

I need this question completed in 10 minutes

To record the purchase of a motor vehicle for $40,000 cash for use by the CEO.
Please select the correct journal entry for it.
Dr Cash
Dr Cash
Dr
Cr
Dr
Cr
Cr
Cr
Motor vehicle (b/s)
Accumulated depreciation
(b/s)
Motor vehicle (b/s)
Depreciation expense (p&l) 40,000
Cash
40,000
Cash
40,000
40,000
40,000
40,000
40,000
40,000

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