WileyPLUS WileyPLUS: Mywiley Kimmel, Financial Accounting, 8e FINA Home Read, St

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WileyPLUS WileyPLUS: Mywiley Kimmel, Financial Accounting, 8e FINA Home Read, Study & Practice Gradebook ORION Downloadable eTextboolk Assignment Assignment > Open Assignment CALCULATOR FULL SCREEN PRE ASSIGNMEN Exercise 9-2 Adama Company incurred the following costs. Indicate to which account Adama would debit each of the costs RESOURCES Copy of Chapter 9 Homework Assignment xercise 9- 1. Sales tax on factory machinery purchased 2. Painting of and lettering on truck immediately upon purchase 3. Installation and testing of factory machinery 4. Real estate broker's commission on land purchased S. Insurance premium paid for first year's insurance on new truck 6. Cost of landscaping on property purchased 7. Cost of paving parking lot for new building constructed 8. Cost of clearing, draining, and filling land 9. Architect's fees on self-constructed building $ 5,000 700 2,000 3,500 880 7,200 17,900 13,300 10,000 Exercise 9-10 (Essay) Exercise 9-12 Review Results by O Type here to search

Explanation / Answer

1. Sales tax on factory machinery purchased Machinery Account 2. Painting and lettering on truck immediately on purchase Truck-Equipment Account 3. Installation n testing on factory machinery. Machinery Account 4. Real estate broker commission on land purchased Land Account 5. Insurance premium for first year insurance on new truck. Prepaid Insurance Account 6. Cost of landscaping on property purchase Land Improvements Account 7. Cost of paving parking for new building constructed. Land Improvement Account 8. Cost of Cleaning, draining and filling land. Land Account 9. Architect fees on self-constructed building Building Account

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