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College Accounting, Chapters 1-27
23rd Edition
ISBN: 9781337794756
Author: HEINTZ, James A.
Publisher: Cengage Learning,
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Question
Chapter 18, Problem 4SEA
1.
To determine
Journalize the replacement of the computer in Checkout Stand A.
2.
To determine
Journalize the addition of laser scanner to the Checkout Stand B.
3.
To determine
Prepare journal entry for the payment of repairs expense.
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Students have asked these similar questions
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
Prepare the entries for the following transactions for Galindo's Grocery using a general journal:
Replaced the checkout computer in Checkout Stand A for $2,200 cash. The computer is part of the checkout stand. The replacement is expected to extend the life of the checkout stand.
Added a laser scanner to Checkout Stand B for $2,800 cash to decrease checkout time.
Cleaned scanner window on Checkout Stand A for $20 cash (normal maintenance).
Page: blank
ROW NUMBER DATE ACCOUNT TITLE DOC.
NO. POST.
REF. DEBIT CREDITROW NUMBER
1 1.
blank blank
1
2 blank
blank blank
2
3 blank blank blank blank blank blank 3
4 2.
blank blank - Select -
- Select -
4
5 blank
blank blank - Select -
- Select -
5
6 blank blank blank blank blank blank 6
7 3.
blank blank - Select -
- Select -
7
8 blank
blank blank - Select -
- Select -
8
9 blank blank blank blank blank blank 9
Review the following transactions for Birdy Birdhouses and record any required journal entries.
Sep. 6
Birdy Birdhouses purchases 52 birdhouses at $50 each with cash.
Sep. 8
Birdy Birdhouses purchases 90 birdhouses at $30 each on credit. Terms of the purchase are 2/10, n/30, invoice date September 8.
Sep. 10
Birdy discovers 10 of the birdhouses are damaged from the Sep. 6 purchase and returns them to the supplier for a full refund. Birdy also discovers that 9 of the birdhouses from the Sep. 8 purchase are painted the wrong color but keeps them since the supplier granted an allowance of $100.
Sep. 18
Birdy pays their account in full from the September 8 purchase, less any returns, allowances, and/or discounts.
If an amount box does not require an entry, leave it blank. Assume the periodic inventory system is used.
Sep.6
Sep. 8
Sep. 10 Refund
Sep. 10 Allowance
Sep. 18
Chapter 18 Solutions
College Accounting, Chapters 1-27
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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