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Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20 Replaced...

Quality Move Company made the following expenditures on one of its delivery trucks:

Mar. 20 Replaced the transmission at a cost of $1,970.
June 11 Paid $1,455 for installation of a hydraulic lift.
Nov. 30 Paid $56 to change the oil and air filter.

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JOURNAL

ACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

1

2

3

4

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Answer #1
Date Account Debit Credit
Mar 20 Delivery truck 1970
Cash 1970
June 11 Delivery truck 1455
Cash 1455
Nov 30 Repairs and maintenance expense 56
Cash 56

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