The city orders a fire truck estimated to cost 140000 the, Ask an Expert

Accounting

The city orders a fire truck estimated to cost $140,000. The fire truck arrives with an invoice of $138,000. A voucher is processed and paid 2 weeks later. Record the journal entries for these transactions.

2. Journal Entries

Record the following transactions:

a. The city orders a police car estimated to cost $22,000

b. The police car arrives with an invoice of $25,000. The invoice is process for payment.

c. The invoice is paid.

d. The police car is destroyed in a crash and is sold for scrap of $1000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9961540

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