Answer:
Dr Equipment $22,843
Dr Licence expenses $210
Dr Prepaid Insurance $875
Cr Cash $23,928
Explanation:
Preparation of the journal entry for Bench Company
Based on the information given we were told that Company made the following transaction:
Purchase of delivery van for tha amount of $22,175
Sales taxes for the amount of $443
Painting for the amount of $225
Vehicle license for the amount of $210
Accident insurance for the amount of $875
Therefore based on the above Bench Company Journal entry will be recorded as:
Dr Equipment $22,843
($22,175+$443+$225)
Dr Licence expenses $210
Dr Prepaid Insurance $875
Cr Cash $23,928
