Paid 400 to install special shelving units which increase, Accounting Basics

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Paid 400 to install special shelving units which increase

Question: Krieg Company had the following two transactions related to its delivery truck.

1. Paid $38 for an oil change.

2. Paid $400 to install special shelving units, which increase the operating efficiency of the truck. Prepare Krieg's journal entries to record these two transactions.

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Accounting Basics: Paid 400 to install special shelving units which increase

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Accounting Basics: Paid 400 to install special shelving units which increase

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