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Adama Company incurred the following costs. Indicate to which account Adama would debit each of the costs. 1. Sales tax on factory machinery purchased $
Adama Company incurred the following costs. Indicate to which account Adama would debit each of the costs.
1. | Sales tax on factory machinery purchased | $ 5,000 | select an account | |||
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2. | Painting of and lettering on truck immediately upon purchase | 700 | select an account | |||
3. | Installation and testing of factory machinery | 2,000 | select an account | |||
4. | Real estate brokers commission on land purchased | 3,500 | select an account | |||
5. | Insurance premium paid for first years insurance on new truck | 880 | select an account | |||
6. | Cost of landscaping on property purchased | 7,200 | select an account | |||
7. | Cost of paving parking lot for new building constructed | 17,900 | select an account | |||
8. | Cost of clearing, draining, and filling land | 13,300 | select an account | |||
9. | Architects fees on self-constructed building | 10,000 | select an account |
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