contestada

Brief Exercise 9-03 Sunland Company had the following two transactions related to its delivery truck. 1. Paid $38 for an oil change. 2. Paid $564 to install special shelving units, which increase the operating efficiency of the truck. Prepare Sunland Company’s journal entries to record these two transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Respuesta :

Answer:

The journal entries are as follows:

(a) Maintenance and Repairs Expense A/c   Dr. $38

To cash A/c                                                                   $38

(To record the maintenance and repair expense)

(b) Equipment A/c    Dr. $564

To cash A/c                               $564

(To record the expense to increase the operating efficiency of the truck)

The amounts and accounts affected by each transaction are listed in a consistent format in a journal entry. At least one debit and one credit will be included in every journal entry.

The transactions regarding the Sunland company passed for the amount paid for change of oil and shelving units installment for the efficiency of Truck's operations.

For more information related to the transactions passed in the journal, refer to the link:

https://brainly.com/question/15610378?referrer=searchResults

Ver imagen deebikamadhivanan

Otras preguntas