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Identify the accounts to be increased or decreased

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Reference no: EM132968580

Question - (a) The $70 cost of repairing a printer was added to Equipment.

(b) The $5,500 cost of a major engine overhaul was an increase to Maintenance and Repairs Expense. The overhaul is expected to increase the operating efficiency of the truck.

(c) The $6,000 closing costs associated with the acquisition of land were added to Operating Expenses.

(d) A $300 charge for transportation expenses on new equipment purchased was added to Freight-In.

Required - Identify the accounts to be increased/decreased and the amount of the increase/decrease.

Reference no: EM132968580

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