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Please answer parte B Exercise 1 Chapter 10 Property Plant & Equipment (PPE) Classification of the following transactions in the appropriate accounts: (A) Land, (B)
Please answer parte B
Exercise 1 Chapter 10 Property Plant & Equipment (PPE) Classification of the following transactions in the appropriate accounts: (A) Land, (B) Land improvement, t) Bulidine (Dj Machinery and Equipment or ( Accumulated Depreciation, Quantity 34000 800 Jokarie Corp. Incurred the following costs in 2021 Letter Date2021 Transaction January 12 Sales Tax IV on the purchase of machinery for the factory February 9 Paint and inbeltruck immediately after purchase March 18 Installation and testing of machinery for the factory March 25 Commission paid to the selling agent on the purchase of and June 30 Insurance premiums paid for the first year of insurance for the new truck July 19 Cost to for the land of the purchased property August 6 Cost of paving the parking lot of the new building under construction Sep 2 Cost of cleaning, draining and in the land October 9 Architect's fees for the construction by the same company 4.500 980 8,300 197400 12.500 12.000 Instructions: Indicate the bill of the account that Jokarie must debit for the for the cost of each of these transactions Exercise 2 Chapter 10 Property Plant & Equipment (PPE) On May 1, 2021, Roprin Corp. acquired a property land and Old Building where it plans to construct a building for commercial premises. Roprin paid $ 90,000 in cash. The Old Building on the property was demolished at a cost of 10,200, the rubble material sold for $ 2.200. Additional costs incurred in acquiring this property include $2,300 for legal tees. $ 4.500 for commissions paid to the selling agent $ 10,400 for architect's fees, and $ 12,000 for parking, lighting and streets Instructions: (a) Determine the amount to be presented in Roprie's Financial Statements for the cost of the tand. Cantidad Descripcin transaction Total (b) For each cost that was not used for the Land account, indicate the account to be debited Description Transaction Account Name Quantity Step by Step Solution
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