Below are selected entries for Econi Co.
1. The $60 cost of repairing a printer was charged to Computer Equipment.
2. The $5,000 cost of a major engine overhaul was debited to Repair Expense. The overhaul is expected to increase the operating efficiency of the truck.
3. The $6,000 closing costs associated with the acquisition of land were debited to Legal Expense.
4. A $600 charge for transportation costs on new equipment purchased was debited to Delivery Expense.
5. Freight cost incurred bringing a new piece of machinery to the plant site was charged to Machinery
Instructions
For each entry below make a correcting entry if necessary. If the entry given is correct, then state "No entry required."

Question

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The Answer of Below are selected entries for Econi Co.
1. The $60 cost of repairing a printer was charged to Computer Equipment.
2. The $5,000 cost of a major engine overhaul was debited to Repair Expense. The overhaul is expected to increase the operating efficiency of the truck.
3. The $6,000 closing costs associated with the acquisition of land were debited to Legal Expense.
4. A $600 charge for transportation costs on new equipment purchased was debited to Delivery Expense.
5. Freight cost incurred bringing a new piece of machinery to the plant site was charged to Machinery
Instructions
For each entry below make a correcting entry if necessary. If the entry given is correct, then state "No entry required."

Below Are Selected Entries for Econi Co