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CengageNOWN2 |Onlin X Guided Solut ngagenow.com/ilm/takeAssignment/takeAssignmen

ID: 2554173 • Letter: C

Question

CengageNOWN2 |Onlin X Guided Solut ngagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSession; ocator-assignment-take&inprogress; t Exerc eBook Video Calculator Journal Entries: Repairs, Maintenance, Additions, Improvements, and Replacements Prepare the entries for the following transactions for Galindo's Grocery using a general journal: 1. Replaced the checkout computer in Checkout Stand A for $2,200 cash. The computer is part of the Checkout Stand. The replacement is expected to extend the life of the checkout stand. 2. Added a laser scanner to Checkout Stand B for $3,200 cash to decrease checkout time. 3. Cleaned scanner window on Checkout Stand A for $20 cash (normal maintenance). If an amount box does not require an entry, leave it blank. Page DATE ACCOUNT TITLE NO. REF NO. REF, DOC POST. DEBIT CREDIT 7 3.

Explanation / Answer

debit credit

1. Checkout stand A a/c 2200

cash a/c 2200

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2. laser scanner a/c 3200

cash a/c 3200

---------------------------------------------------------

3. Mainatenance expenses a/c 20

cash a/c 20

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