Adama Company incurred the following costs. Instructions Indicate to which account Adama would debit each of the
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Instructions
Indicate to which account Adama would debit each of the costs.
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5,000 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 5. 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. Architects fees on self-constructed building 700 2,000 3,500 880 7,200 17,900 13,300 10,000
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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