Question
The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2017. 1. Paid $5,000 of accrued taxes
The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2017. 1. Paid $5,000 of accrued taxes at time plant site was acquired. 2.Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. 3. Paid $850 sales taxes on new delivery truck. 4.Paid $17,500 for parking lots and driveways on new plant site. 5.Paid $250 to have company name and advertising slogan painted on new delivery truck. 6. Paid $8,000 for installation of new factory machinery. 7. Paid $900 for one year accident insurance policy on new delivery truck. 8.Paid $75 motor vehicle license fee on the new truck.
List the numbers of the foregoing transactions, and opposite each indicate the account title to which each expenditure should be debited.
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