Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 9 - Reporting and Analyzing Long-Lived Assets - Brief Exercises - Page 484: BE9-6

Answer

Journal entries relating to delivering truck as below: Oil Expenses 45 dollars Cash 45 dollars (To record oil change expense of delivery truck)

Work Step by Step

Truck \$400 Cash $400 (To record the cost incurred to increase the operating efficiency of truck)
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