Question
Benedict Company incurred the following Costs: a. $ 5,000 Sales tax on factory machinery purchased b. $700 painting of and lettering on truck immediately upon
Benedict Company incurred the following Costs:
a. $ 5,000 Sales tax on factory machinery purchased
b. $700 painting of and lettering on truck immediately upon purchased
c. $2,000 installation and testing of factory machinery
d. $3,500 real state brokers commission on land purchased
e. $880 insurance premium paid for first years insurance on new truck
f. $7,200 cost of landscaping on property purchased
g. $17,900 cost of paving parking lot of new building constructed
h. $13,300 cost of clearing, draining and filling land
i. $10,00 architects fees on self-constructed building.
Indicate to which account benedict would debit each of the following costs.
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