For each of these situations, what account would be debited to record the expenditure?
A. Constructed a warehouse for storing merchandise.
B. Purchased 300 reams of 8-by-11-inch paper for the fax machine.
C. Purchased a parcel of land in a nearby town because of rumors that a new mall would be built on adjoining land. Management expects to sell the land in three years at a substantial profit.
D. Bought 20 used desks and 30 used chairs to be utilized at corporate headquarters in the accounting office.
E. Paid for a new battery installed in the delivery truck.

  • CreatedMarch 25, 2015
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