C-Identify the FIXED ASSET account name that is to be DEBITED. TRANSACTION ACCOUNT NAME chcic 1 - Paid $500 to have the Company name painted on Vehicle. 2-Paid $6,000 for a one-year insurance policy. 3 Paid $3,000 to tear down an old barn on new property. 4 Paid $1,900,000 for the construction of a new factory. 5-Paid $17,500 for paving driveway and parking lot. 6-Paid $8,000 for the installation and testing of new machinery. T=6 T=12