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1. Paid 1.2 million for a plant site 2. Paid $8,000 of legal fees on the purchase of the plant site. 3. Paid $39,000 to

1. Paid 1.2 million for a plant site
2. Paid $8,000 of legal fees on the purchase of the plant site.
3. Paid $39,000 to demolish an old building on the plant site; residual materials were sold for $7,000.
4. Paid $55,000 for paving the parking lot on the plant site.
5. Paid $57,600 in architect fees for the design of the new plant.
6. Promised to pay $150,000 in restoration costs for the land when the company is finished using the plant site.
7. Paid $80,000 for a new delivery truck.
8. Paid $3,000 to have the company name and advertising slogan painted on the new truck.
9. Paid a $400 motor vehicle license fee on the new truck.
10. Paid $2,800 for a one-year accident insurance policy on the new truck.

Beside each transaction write the account title that the expenditure should be debited to.

Select from these account titles: Land, Land Improvements, Buildings, Vehicles, Vehicle Expense, Prepaid Insurance.

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