PB9-3 (Algo) Analyzing and Recording Long-Lived Asset Transactions with Partial-Year Depreciation ...
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PB9-3 (Algo) Analyzing and Recording Long-Lived Asset Transactions with Partial-Year Depreciation
Phequired information PB9-3 (Algo) Analyzing and Recording Long-Lived Asset Transactions with Partial-Year Depreciation [LO 9.2,LO9.3,LO9.6] [The following infordation apples to the questions disptiyed below, Randy's Restaurart Company (PRC) entered into the following ransaction duing a recent year ix manths, Wurchases on accosit. cast, bren succricful in the region. P89-3 (Algo) Port 1-6 Required: 1- a. Complete the table below, indicating the account, amount and isrection of the effect for the above trancactions. (Enter any decresses to Assets, Liabilities, or Stockholders' Equify with o minus sign.) Required information PB9-3 (Algo) Analyzing and Recording Long-Lived Asset Transactions with Partial-Year Depreciation [LO 9-2, LO 9.3, LO 9.6] [The following information applies to the questions displayed below] Randy's Restaurant Company (RRC) entered into the following transactions during a recent year. Aprit 1 Purchased equipnent (a new walk-in cooler) for $9, e0 by paying $3,000 cash and signing a $6,600 note due in 51x months. Aprit 2 Enhanced the equipnent (by replacing the air-conditioning system in the watk-in cooler) at a cost of $5,000, purchased on account. Aprit 30 Wrote a check for the amount owed on account for the work conpleted on April 2. May 1A local carpentry company repaired the restaurant's front door, for which RRC arote a check for the futl $320 cost. June 1 Paid $13,920 cash for the rights to use the nane and store concept created by a different restaurant that has been successful in the region


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