FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS
FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS
19th Edition
ISBN: 9781119493624
Author: Kimmel
Publisher: WILEY
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Chapter 9, Problem 9.3BE
To determine

Cost of the Truck: The cost of machinery includes actual purchase price plus all other costs. The other costs include sales tax, shipping delivery charges, insurance during shipping, assembling charges, installation charges, testing and legal fees.

To record: Journal entry to record maintenance and repairs expense for K Company

To determine

To record: Journal entry to record the installation of shelving units in the truck

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