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The transactions that follow are expenditures related to property, plant, and equipment: For each of the transactions, indicate the title of the account that you
The transactions that follow are expenditures related to property, plant, and equipment: For each of the transactions, indicate the title of the account that you think should be debited in recording the transaction. 1. Operator controls on equipment were replaced for $6,450, because the original control devices were not adequate. 2. A total of $4,190 was spent for decorative landscaping (such as planting flowers and shrubs). 3. A new air conditioning system for the office was purchased for $15,980. 4. Windows broken in a labour dispute were replaced for $2,245. 5. A fee of $1,460 was paid for adjusting and testing new equipment before its use. 6. Equipment damaged by a forklift was repaired for $5,000. 7. 8. 9. 10. The transmission in a delivery truck was repaired for $2,460. Expenditures totalling $3,090 were incurred to repaint the exterior of the building. Paid $20,000 to convert the company's delivery vehicles from gasoline to propane to increase fuel efficiency. Paid $10,000 to replace the company's light bulbs with more energy-efficient bulbs. The transactions that follow are expenditures related to property, plant, and equipment: For each of the transactions, indicate the title of the account that you think should be debited in recording the transaction. 1. 2. Operator controls on equipment were replaced for $6,450, because the original control devices were not adequate. A total of $4,190 was spent for decorative landscaping (such as planting flowers and shrubs). 3. A new air conditioning system for the office was purchased for $15,980. 4. Windows broken in a labour dispute were replaced for $2,245. Land Improvements Repairs and Maintenance Expense Equipment Vehicles Buildings 5. A fee of $1,460 was paid for adjusting and testing new equipment before its use. 6. Equipment damaged by a forklift was repaired for $5,000. 7. The transmission in a delivery truck was repaired for $2,460. 8. 9. 10. Expenditures totalling $3,090 were incurred to repaint the exterior of the building. Paid $20,000 to convert the company's delivery vehicles from gasoline to propane to increase fuel efficiency. Paid $10,000 to replace the company's light bulbs with more energy-efficient bulbs. >
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