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1. Paid $58,000 cash to replace a motor on equipment that extends its useful life by four years.
2. Paid $290 cash per truck for the cost of their annual tune-ups.
3. Paid $232 for the monthly cost of replacement filters on an air-conditioning system.
4. Completed an addition to a building for $326,250 cash.

1. Classify the above transactions as either a revenue expenditure or a capital expenditure. 2. Prepare the journal entries to record the four transactions from part 1.

a. Paid $58,000 cash to replace a motor on equipment that extends its useful life by four years. b. Paid $290 cash per truck for the cost of their annual tune-ups. c. Paid $232 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to a building for $326,250 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure. 2. Prepare the journal entries to record the four transactions from part 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Classify the above transactions as either a revenue expenditure or a capital expenditure. Transaction a b c d Required 1 Required 2. Prepare the journal entries to record the four transactions from part 1. View transaction list 1 Paid $58,000 cash to replace a motor on equipment that extends its useful life by four years. iseful life 2 Paid $290 cash per truck for the cost of their annual tune-ups. 3 Paid $232 for the monthly cost of replacement filters on an air-conditioning system. Credit 4 Completed an addition to a building for $326,250 cash. Note : = journal entry has been entered Record entry Clear entry View general journal

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