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Exercise 9-2 Your answer is partially correct. Try again. Benedict Company incurred the following costs. Indicate to which account Benedict would debit each of the
Exercise 9-2 Your answer is partially correct. Try again. Benedict Company incurred the following costs. Indicate to which account Benedict would debit each of the costs. No. Transactions Amount Account 1. Sales tax on factory machinery purchased $ 5,000 Equipment 2. Painting of and lettering on truck immediately upon purchase 700 Advertising Expense 3. Installation and testing of factory machinery 2,000 Buildings 4. Real estate broker's commission on land purchased 3,500 Broker Fees 5. Insurance premium paid for first year's insurance on new truck 880 Insurance Expense 6. Cost of landscaping on property purchased 7,200 Land Improvements 7. Cost of paving parking lot for new building constructed 17,900 Repairs & Maintenance Expense v 8. Cost of clearing, draining, and filling land 13,300 Repairs & Maintenance Expense v 9. Architect's fees on self-constructed building 10,000 Architect's Fees
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