Journalize each of the following transactions:
(a)A wing costing $ \$ 1,250,000 $ was added to the building A new motgage was issued for the cost.
(b)Equipment was upgrade d to increase it capacity to produce widgets. The upgrade cost of $ \$ 13,000 $ was paid in cash
(c)A major overhaul costing $ \$ 7,000 $ on a machine increased the useful life by 2 years. The payment was made in cash

Question

Journalize each of the following transactions:
 (a)A wing costing $ \$ 1,250,000 $ was added to the building A new motgage was issued for the cost. 
(b)Equipment was upgrade d to increase it capacity to produce widgets. The upgrade cost of $ \$ 13,000 $ was paid in cash
(c)A major overhaul costing $ \$ 7,000 $ on a machine increased the useful life by 2 years. The payment was made in cash

Quizplus · Accepted Answer

The Answer of Journalize each of the following transactions:
 (a)A wing costing $ \$ 1,250,000 $ was added to the building A new motgage was issued for the cost. 
(b)Equipment was upgrade d to increase it capacity to produce widgets. The upgrade cost of $ \$ 13,000 $ was paid in cash
(c)A major overhaul costing $ \$ 7,000 $ on a machine increased the useful life by 2 years. The payment was made in cash

Journalize Each of the Following Transactions: (A)A Wing Costing $1,250,000 \$ 1,250,000 $1,250,000

Journalize Each of the Following Transactions:
(A)A Wing Costing $\$ 1,250,000$