sam boyer acc 291 week 1

sam boyer acc 291 week 1 - 7 Cost of paving parking lot for...

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Instructions Indicate to which account Trudy would debit each of the costs. (Determine property, plant, and equipment costs.) E9-2 Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased $ 5,000 2. Painting of and lettering on truck immediately upon purchase 700 3. Installation and testing of factory machinery 2,000 4. Real estate broker’s commission on land purchased 3,500 5. Insurance premium paid for first year’s insurance on new truck 880 6. Cost of landscaping on property purchased 7,200
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Unformatted text preview: 7. Cost of paving parking lot for new building constructed 17,900 8. Cost of clearing, draining, and Flling land 13,300 9. Architect’s fees on self-constructed building 10,000 1. Plant $5,000.00 2. Equipment $700.00 3. Plant $2000.00 4. Land $3,500 5. Prepaid Insurance $880.00 6. Land improvement $7,200.00 7. Land Improvement $17,900.00 8. Land $13,300.00 9. Building $10,000.00 Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2010). ³inancial accounTng (7th ed.). Hoboken, NJ: John Wiley & Sons...
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