Question

Sub Sandwiches of America made the following expenditures related to its restaurant:
1. Replaced the heating equipment at a cost of $40,000.
2. Covered the patio area with a clear plastic dome and enclosed it with glass for use during the winter months. The total cost of the project was $250,000.
3. Performed annual building maintenance at a cost of $84,000.
4. Paid for annual insurance for the facility at $11,500.
5. Built a new sign above the restaurant, putting the company name in bright neon lights, for $5,000.
6. Paved a gravel parking lot at a cost of $90,000.

Required:
Sub Sandwiches of America credits cash for each of these expenditures. Indicate the account it debits for each.



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  • CreatedJuly 15, 2014
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