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Nash Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment. Storage charges on machinery,
Nash Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to
Machinery and Equipment.
Storage charges on machinery, necessitated by noncompletion of
building when machinery was delivered
New building constructed building construction took months from
date of purchase of land and old building
Assessment by city for drainage project
Hauling charges for delivery of machinery from storage to new building
Trees, shrubs, and other landscaping after completion of building
Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of
capitalizing interest during construction exceed the cost of implementation. Indicate how any costs not debited to these accounts
should be recorded. Please leave spaces blank if there is no answer. Do not enter zeros in those spaces.
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