CP 8-1 Accountants distinguish between capital and revenue expenditures for some types of transactions. The entries for such transactions can be made to any one of the following accounts: Balance sheet accounts a. Land b. Buildings c. Land improvements d. Equipment e. Trucks f. Automobiles 8. Accumulated depreciation Income statement accounts h. A revenue account i. An expense account Required: For each transaction below, indicate the account to be adjusted. Explain your answers and state any assumptions you make. Example: b Architect fees to design building Battery purchased for truck Cash discount received on payment for equipment Commission paid to real estate agent to purchase land Cost of equipment test runs Cost to remodel building Cost to replace manual elevator with automatic elevator Cost of sewage system Equipment assembly expenditure Expenditures for debugging equipment Installation of air-conditioner in automobile Insurance paid during construction of building Legal fees associated with court case to defend title to land purchased Oil change for truck Payment for paving parking lot