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Sand Dollars Corporation is the leading roaster and retaliler of specialty coffee, with neany t...

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Accounting

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Sand Dollars Corporation is the leading roaster and retaliler of specialty coffee, with neany t eany 17,000 company-operated and licensed stores worldwide. Assume that Sand Dollars planned to d Leasehold mprovernents. The elevator wil be amontized over the useful life of the monwealth Avenue near Boston University and obtained a 22-year lease starung January.The company had to renovate the facility by Instaling an elevator costing $869,000. Amounts spent to enhance leased lease. are capitalized as intargible assets Required 1. & 2. Prepare the journal entry to record the installation of the new elevator and any adjusting entries required at the end of the annual accouning period on December 31 related to the new elevator. (if no entry is required for a transactionlevent, select "No journal entry required" In the first account field,) View transaction list Journal entry worksheet 2 Record the installation of the new elevator Note: Enter debits before credits Date General Journal January 01 Vieve general journe Citar entry Record entry

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