Help Save & Exit Submit Check my work E2-2 Identifying Account Titles [LO 2-1, LO 2-2, LO 2-5) The following are independent situations, ok at nces a. A company orders and receives 10 personal computers for office use for which it signs a note promising to pay $25,000 within three months. b. A company purchases for $21,000 cash a new delivery truck tlfat has a list ("sticker price of $24,000. c. A women's clothing retailer orders 30 new display stands for $300 each for future delivery. d. A new company is formed and issues 100 shares of stock for $12 per share to investors. e. A company purchases a piece of land for $50,000 cash. An appraiser for the buyer valued the land at $52,500. f. The owner of a local company uses a personal check to buy a $10,000 car for personal use. Answer from the company's point of view. 9. A company borrows $2,000 from a local bank and signs a six-month note for the loan. h. A company pays $1,500 owed on its 10-year notes payable (ignore interest). Required: 1. Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. 2-a. At what amount would you record the delivery truck in (b)? 2-b. At what amount would you record the piece of land in (e)? 2-c. What measurement principle are you applying? 3-a. What reasoning did you apply in (c)? 3-b. For (6. what accounting concept did you apply? Complete this question by entering your answers in the tabs below. Prev 1 of 11 !!! Next > Saved YouTube Help Save & Exit Sub 1 Check my wor Required: eBook 1. Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. 2-a. At what amount would you record the delivery truck in (b)? 2-b. At what amount would you record the piece of land in (e)? 2-c. What measurement principle are you applying? 3-a. What reasoning did you apply in (d? 3-b. For (1, what accounting concept did you apply? Print References Complete this question by entering your answers in the tabs below. Req 1 Req 2A Reale Reg 2C Req Req 38 At what amount would you record the piece of land in (e)? Amount Next >