Showing posts with label Garcia Associates Co. Show all posts
Showing posts with label Garcia Associates Co. Show all posts

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