4. The following expenditures relating to plant assets were made by Plummer Company during the first 2 months of 2017 Paid $1,100 sales taxes on new delivery truck Paid $125 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. Paid $4,000 of accrued taxes at time plant site was acquired. Paid $19,000 for parking lots and driveways on new plant site. Paid $400 to have company name and advertising slogan painted on new delivery truck. Paid $60 motor vehicle license fee on the new truck. Paid $1,050 for one-year accident insufance policy on new delivery truck. Paid $6,000 for installation of new factory machinery. . Instructions (a) Explain the application of the cost principle in determining the acquisition cost of plant assets. (b) List the numbers of the foregoing transactions, and opposite each indicate the account title to which each expenditure should be debited. MacBook Pro