PLUS Weygandt, Financial Accounting, 10e PRINCIPLES OF ACCOUNTING (ACCT 2101) Gr

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PLUS Weygandt, Financial Accounting, 10e PRINCIPLES OF ACCOUNTING (ACCT 2101) Gradebook ORION Downlesdable eTestbook Study & Practice BACK A WileyPLUS user has reported a possible issue with this question. The WileyPLUS Team is currently evaluating th reported issue, and we hope to resolve it shorthy. You may wish to contact your instructor before submitting any work for this question ond ask should attempt the question anyway Exercise 9-2 Benedict Company inourred the fellowing costs Indicate to which account Benedict would debit each of the costs Amount Transactlons s 5,000 1. Sales tax on factory machinery purchased 2. Painting of and lettering on truck immediataly upon purchase 3. Installation and testing of factory machinery 4. Real estate brokers commission on land purchased 2,000 3,500 880 7,200 17,900 13,300 10,000 Insurance premium paid for first year's insurance on new truck 6. Cost of lendscaping on property purchesed 7. Cost of paving parking lot for new building constructed 8. Cost of clearing, draining, and riling land 9. Architect's fees on self-constructed building Click if you would like to Show Work for this question 9e Show Work IN TO TEXT Version 4.24 51

Explanation / Answer

1 Machinery account 2 Truck account 3 Machinery account 4 Land account 5 Prepaid insurance 6 Land improvements 7 Land improvements 8 Land account 9 Building account

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