8. value: 3.00 points Exercise 11-31 Subsequent expenditures [LO11-9] Belltone C

Question

8. value: 3.00 points Exercise 11-31 Subsequent expenditures [LO11-9] Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system was replaced at a cost of $215,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $800,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $17,500. 4. All of the machinery on the assembly line in the plant was rearranged at a cost of $46,000. The rearrangement clearly increases the productive capacity of the plant. Required: Prepare journal entries to record each of the above expenditures. (If no entry is required for a particular event, select "No journal entry required" in the first account field.)

Explanation / Answer

journal entries Debit Credit 1.) Heating System.......................................215000 Cash..........................................................................215000 2.) New Wing............................................800000 Cash..........................................................................800000 3.) Maintenance expenditure...........................17500 Cash..........................................................................17500 4.) Machine assembly...................................46000 Cash...........................................................................46000

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