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The following expenditures relating to plant assets were made by Glenn Company during the first 2 months of 2 0 2 2 . Opposite each
The following expenditures relating to plant assets were made by Glenn Company during the first months of
Opposite each of the following transactions indicate the account title to which each expenditure should be debited.
No Expenditures
Plant Assets
Paid $ of accrued taxes at the time the plant site was acquired.
Paid $ insurance to cover a possible accident loss on new factory machinery while the machinery was in transit.
Paid $ sales taxes on a new delivery truck.
Paid $ for parking lots and driveways on the new plant site.
Paid $ to have the company name and slogan painted on the new delivery truck.
Paid $ for installation of new factory machinery.
Paid $ for a year accident insurance policy on the new delivery truck.
Paid $ motor vehicle license fee on the new truck.
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