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QUESTION 1 In January, 2020, Harmony Inc. has the following expenditures related to manufacturing a new generation of widgets. Match each expenditure to the appropriate

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QUESTION 1 In January, 2020, Harmony Inc. has the following expenditures related to manufacturing a new generation of widgets. Match each expenditure to the appropriate accounting treatment on the right. Takes possession of a widget- A. Capitalize to a different asset account. manufacturing machine. The vendor sends B. Expense. an invoice for $550,000. C. Capitalize to the Machine account. Pays sales tax of $33,000 on the machine D. No accounting entry is necessary. to the government. Pays employees $95,000 for research and development to finalize the widget design. Receives an invoice for $4,250 from the company that shipped the machine. Pays employees $16,500 to install, customize, and test the widget- manufacturing machine. Pays $3,000 for a one-year warranty (insurance) plan for the machine, with coverage beginning when the machine is placed into service on February 1

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