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Journalize Each of the Following Transactions:
(A)A Wing Costing $1,250,000 \$ 1,250,000

Question 7

Essay

Journalize each of the following transactions:
(a)A wing costing $1,250,000 \$ 1,250,000 was added to the building A new motgage was issued for the cost.
(b)Equipment was upgrade d to increase it capacity to produce widgets. The upgrade cost of $13,000 \$ 13,000 was paid in cash
(c)A major overhaul costing $7,000 \$ 7,000 on a machine increased the useful life by 2 years. The payment was made in cash

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