Friday, April 12, 2019

On February 14, Garcia Associates Co. paid $2,300 to repair the transmission on one of its delivery vans

On February 14, Garcia Associates Co. paid $2,300 to repair the transmission on one of its delivery vans. In addition, Garcia paid $450 to install a GPS system in its van. Journalize the entries for the transmission and GPS system expenditures.


Answer:
14 Accumulated Depreciation—Delivery Van 2,300 Cash 2,300 14 Delivery Van 450 Cash 450

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