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  1. business
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  3. (a) the $280 cost of repairing a printer was charg

(a) The $280 cost of repairing a printer was charged to Equipment. (b) The $6,400...

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Accounting

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(a) The $280 cost of repairing a printer was charged to Equipment. (b) The $6,400 cost of a major engine overhaul was debited to Maintenance and Repairs Expense, The overhaul is expected to increase the operating efficiency of the truck. (c) The $7,100 closing costs associated with the scquisition of land were debited to Other Operating Expenses. (d) A $700 charge for transportation expenses on new equipment purchased was debited to Freight-in. For each entry above make a correcting entry if necessary. If the entry given is correct, then state "No entry required. (Credit account titles are outomatically indented when the 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.)

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