10 hw - E10-1, E10-4, E10-6, E10-11, E10-23 &...

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Unformatted text preview: E10-1, E10-4, E10-6, E10-11, E10-23 & E10-24 Item Land Land Improvements Building Other Accounts (a) ($275,000) Notes Payable (b) $275,000 (c) $ 10,000 (d) 7,000 (e) 6,000 (f) (1,000) (g) 25,000 (h) 250,000 (i) 9,000 (j) $ 4,000 (k) 11,000 (l) (5,000) (m) 13,000 (n) 19,000 (o) 14,000 (p) 3,000 10-4 Purchase Cash paid for equipment, including sales tax of $5,000 ........ $105,000 Freight and insurance while in transit.......................................... 2,000 Cost of moving equipment into place at factory....................... 3,100 Wage cost for technicians to test equipment ............................ 6,000 Special plumbing fixtures required for new equipment......... 8,000 Total cost .................................................................................... $124,100 Construction Material and purchased parts ($200,000 X .99).......................... $198,000 Labor costs.................................................................................... 190,000 Overhead costs............................................................................. 50,000Overhead costs....
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This note was uploaded on 03/15/2011 for the course ACC 331 taught by Professor Aera during the Spring '11 term at Midlands Tech.

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10 hw - E10-1, E10-4, E10-6, E10-11, E10-23 &...

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