Bliesmer Company incurred the following costs.

1. Sales tax on factory machinery purchased $ 5,000

2. Painting of and lettering on truck immediately upon purchase 700

3. Installation and testing of factory machinery 2,000

4. Real estate brokers commission on land purchased 3,500

5. Insurance premium paid for first years insurance on new truck 1,100

6. Cost of landscaping on property purchased 7,200

7. Cost of paving parking lot for new building constructed 17,900

8. Cost of clearing, draining, and filling land 12,600

9. Architects fees on self-constructed building 10,000

Instructions:

Reflect the journal entries. (10 points)

Please explain all steps detally. I want to learn solving this type of exercises.How did you find the answer and with the help of which rule did you solve this exercise?