Respuesta :
Answer:
a. Debit Equipment with $16,150; and Credit Cash also with $16,150.
b. Debit Repair expenses with $4,038; and Credit Cash also with $4,038.
a. Debit Equipment with $9,100; and Credit Cash also with $9,100.
Explanation:
a. Paid $16,150 cash for a new component that increased the equipment’s productivity.
Details Dr ($) Cr ($)
Equipment 16,150
Cash 16,150
To record purchase of a new component that increased the equipment’s productivity
b. Paid $4,038 cash for minor repairs necessary to keep the equipment working well.
Details Dr ($) Cr ($)
Repair expenses 4,038
Cash 4,038
To record payment for minor equipment repair.
c. Paid $9,100 cash for significant repairs to increase the useful life of the equipment from four to seven years.
Details Dr ($) Cr ($)
Equipment 9,100
Cash 9,100
To record significant repairs of equipment that increased its useful life form 4 to 7 years.
