eno mit education com- E connect cn11 Homework Question 3 (ofs) 3· 10.00 points

Question

eno mit education com- E connect cn11 Homework Question 3 (ofs) 3· 10.00 points Beltons Comparry made the folowing expendeures related to its 10- year -old manufacturing facility 1 The heating system was replaced n cost of S160 000 The, cost of the old system was not known 2 A new wing was added t a cost of $640 000 The new veng substartialily increases the productive compeny accounts for improvements as reductions of accumlated depreciaton apacity, the plant 3 Ammuai buiding mainterance was perfarmed at a cost of $17,000 the equipment on the assembly ine in the pant was rearranged at a cost of 524 000 The eanangemenn cleafly ncreses the productive capacity of the plant Prepare pumal enses to ecord each ot the above expenditures If no entry is required for a transactioelevert, niect 0 journal entry required. in did fint account held ) Journal entry worksheet Record the replacemert of the heating xystem TO 2 2 3 4 5 w e shift

Explanation / Answer

general journal

date

explanation

debit

credit

1-

accumulated depreciation-building

160000

cash

160000

2-

building (new wing)

640000

cash

640000

3-

building maintenance expense

17000

cash

17000

4-

equipment

24000

cash

24000

general journal

date

explanation

debit

credit

1-

accumulated depreciation-building

160000

cash

160000

2-

building (new wing)

640000

cash

640000

3-

building maintenance expense

17000

cash

17000

4-

equipment

24000

cash

24000

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