Record journal entries for the following transactions involving property, plant and equipment for Blankenship Company Ltd.:
a)Purchased equipment costing $100,000.
b)Paid freight to have equipment delivered, $500.
c)Paid $1,000 to have equipment installed.
d)Paid $50,000 to have a similar piece of equipment overhauled.
e)Paid $100 for periodic maintenance to the new equipment.

Question

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The Answer of Record journal entries for the following transactions involving property, plant and equipment for Blankenship Company Ltd.:
a)Purchased equipment costing $100,000.
b)Paid freight to have equipment delivered, $500.
c)Paid $1,000 to have equipment installed.
d)Paid $50,000 to have a similar piece of equipment overhauled.
e)Paid $100 for periodic maintenance to the new equipment.

Record Journal Entries for the Following Transactions Involving Property, Plant