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QS 10-8 Revenue and capital expenditures LO C3...

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Accounting

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QS 10-8 Revenue and capital expenditures LO C3 a. Paid $40,000 cash to replace a compressor on a refrigeration system that extends its useful life by four years. b. Paid $200 cash per truck for the cost of their annual tune-ups. c. Paid $175 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to an office building for $225,000 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure. Transaction 2. Prepare the journal entries to record transactions a and d. View transaction list Journal entry worksheet Paid $40,000 cash to replace a compressor on a refrigeration system that extends its useful life by four years. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

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