Dollar amount that winters must debit the vehicles account

Reference no: EM1311019

Determination of amount that should debit the vehicle account

Winters Company purchased a new van to expand its business. The invoice price of the van was 35,400, with additional costs of $950 for dealer prep and $675 in destination charges. Winters also had the dealer install special roof racks at a cost of $1,450 and paid $2,255 in sales tax, $175 in annual registration fees, and $60 for the title. The annual insurance bill totalled $1,960, and Winters opted for an extended warranty package costing $935. Within on months' time, Winters spent $330 for gasoline. Determine the dollar amount that Winters should debit the Vehicles account.

Reference no: EM1311019

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