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Could someone please check my work really fast, thank you! t3 (10 Poms) Below are the names of several ledger accounts al ledger accounts, each
Could someone please check my work really fast, thank you!
t3 (10 Poms) Below are the names of several ledger accounts al ledger accounts, each of which is preceded by a number. Indicato account would be debited in recording the listed transactions by placing the proper acco in the box to the right of each transaction. distri Cash Land Land Improvements Building Land, Building, and Machinery Accumulated Depreciation, Machinery Depreciation Expense, Machinery Repairs Expense Loss on Disposal of Plant Asset Equipment DEBIT 0) Example: A machine is purchased and installed.......... 1) A machine is cleaned, oiled and adjusted by a factory representative one year after installation... 2) A year's depreciation on the machine is recorded.. 3) Land, with an old building on it, is purchased as the site of a company's new factory (the building will not be used)........ 4) The old building in #3) is removed from the proposed plant site. 5) The proposed plant site (in #3) is surveyed and graded .. 6) A parking lot on the proposed plant site (in #3) is paved.. 7) Architects' fees for planning a new building on the proposed plant site (in #3) are paid ... 8) A machine is sold for book valueStep by Step Solution
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