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DO IT! 9.1 (LO1) Lofton Company purchased a delivery truck. The total cash payment was $27,900, including the following items. Explain de assets. Negotiated purchase

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DO IT! 9.1 (LO1) Lofton Company purchased a delivery truck. The total cash payment was $27,900, including the following items. Explain de assets. Negotiated purchase price $24.000 Installation of special shelving 1.100 m g Painting and lettering o n io 9001 sdmun ortad Motor vehicle license baldab 100 Annual insurance policy of boron 500 bid ou Sales tax b92 olel to Total paid $27,900 sl bas to zabomics Explain how each of these costs would be accounted for. Foto t broen 1,300

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