For each of the following expenditures incurred by Birch, indicate the account that should be debited when recording the transaction. If the amount should be expensed, you can just type expense; you do not need to indicate the type of expense. Otherwise, in the debiir column, you must give the specific account name that should be debited. For example, if you were told that a truck was purchased, you would type truck in the debit column. No marks will be awarded for typing the overall asset category such as capital assets or property, plant, and equipment. You can click on the the lower right corner of the grid to make the grid larger on your screen. Type of expenditure Account to debit Answer: Inventory Example: purchased Inventory on account (no marks for sample answer) Paid to purchase a plant site (property that will be used to 1 build a plant). Paid to demolish an old 2 building on the plant site. Paid for paving the parking 3 lot at the plant site. Paid architect fees for the 4 design of the new plant. Freight costs on machinery purchased for use by the 5 company Paid for a one-year insurance 6 policy on a new truck. Installation of a fence 7 around the property Closed out the depreciation expense account at the 8 end of the accounting period Increased the allowance for doubtful accounts (AFDA) to reflect uncollectible amounts at the end of the 9accounting period An amount previously recorded as deferred revenue is adjusted to reflect the fact that revenue has now been 10 earned Billed customers for services performed on 11 credit terms 2/10 n/30 be I you he ht. on Billed customers for services performed on 11 credit, terms 2/10, n/30 Paid $5,000 on the principal portion of a 12bank loan payable. An employer was required to contribute to Canada Pension Plan (CPP) on behalf of employees. The amount 13 will be paid next month. Retired a piece of furniture that had been 14 fully depreciated. Collected the full amount owing from a customer. Services had been provided on account last month. An entry had been recorded last month to 15 accrue the amount owing. Paid salaries owing from last month. The amount owing had been accrued at 16 the end of last month. Reduced the supplies inventory account to adjust for supplies used 17 during the accounting period. Closed out the revenue account at the end of 18the accounting period Wrote off an uncollectible 19 accounts receivable Adjusted for interest 20 owing on bank loan payable I te be g you ne nt. on