Exercise 7-1 The following expenditures relating to plant assets were made by Glenn Company during the first 2 months of 2017 (b) Indicate the account title to which each expenditure should be increased 1. Paid $7,000 of accrued taxes at the time the plant site was acquired 2. Paid $200 insurance to cover a possible accident loss on new factory machinery while the machinery was in transit. 3. Paid $850 sales taxes on a new delivery truck. 4. Paid $21,000 for parking lots and driveways on the new plant site. 5. Paid $250 to have the company name and slogan painted on the new delivery truck. 6. Paid $8,000 for installation of new factory machinery. 7. Paid $900 for a 1-year accident insurance policy on the new delivery truck. 8. Paid $75 motor vehicle license fee on the new truck. Click if you would like to Show Work for this question: Open Show Work