QS 8-9(Algo) Revenue and capital expenditures LO C3 a. Paid $50,000 cash to...
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QS Algo Revenue and capital expenditures LO C a Paid $ cash to replace a motor on equipment that extends its useful life by four years. b Paid $ cash per truck for the cost of their annual tuneups. c Paid $ for the monthly cost of replacement filters on an airconditioning system. d Completed an addition to a building for $ cash. Classify the above transactions as either a revenue expenditure or a capital expenditure. Prepare the journal entries to record the four transactions from part
QS Algo Revenue and capital expenditures LO C
a Paid $ cash to replace a motor on equipment that extends its useful life by four years.
b Paid $ cash per truck for the cost of their annual tuneups.
c Paid $ for the monthly cost of replacement filters on an airconditioning system.
d Completed an addition to a building for $ cash.
Classify the above transactions as either a revenue expenditure or a capital expenditure.
Prepare the journal entries to record the four transactions from part
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