Cengage CengageNowy2 Onlir e Chegg Study Guided Solut v LT

Cengage CengageNowy2 Onlir × e Chegg Study! Guided Solut + v LT X v2 cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take; Ch 10-2 Practice Exercises eBook Show Me How Calculator Print item Capltal and Revenue Expenditures On February 13, Rocket Co. paid $2,100 to install a hydraulic lift and $50 for an air filter for one of its delivery trucks Journalize the entries for the new lift 1. PE. 10-01.ALGO 2. PE.10-02.ALGO 3. PE.10-03.ALGO February 13 4. PE. 10-05.ALGO 5. PE.10-06.ALGO Journalize the entry for air flter expenditures. 6. PE 10-07.ALGO February 13 Check My Work 2 more Check My Work uses remalning Previous Next Progress: 4/6 items Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading Type here to search 1021 PM 2/1/2018 23

Solution

Journal Entries Date Account Title and explanation Debit Credit February, 2013 hydruaic Lift $                     2,100       To Cash $                       2,100 (To Record the purchase of hydralic lift) February, 2013 hydruaic Lift $                           50       To Cash $                             50 (to record the freight charges and capitalize the same)