Robinson Corporation recently requested a contractor to prepare a proposal to refurbish the exterior of its office building. Robinson wanted to give its building a "face lift." The contractor provided the following bid document:

Assume that Robinson Corporation agreed to the bid, and authorized the work. What journal entry would be appropriate for each of the above expenditures?

Transcribed Image Text:

ROBINSON CORPORATION BID Add extension to front porch approach Install shrubs and trees $20,000 2,500 Replace rotting exterior siding material Replace burned out exterior light bulbs 7,500 500 Total for all work: $30,500