Exercise $7-8($Static$)$ Determine expenditures after acquisition $($LO$7-3)$

Sub Sandwiches of America made the following expenditures related to its restaurant.

Replaced the heating equipment at a cost of $$250,000.$

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 $$750,000.$

Performed annual building maintenance at a cost of $$24,000.$

Paid for annual insurance for the facility at $$8,800.$

Built a new sign above the restaurant, putting the company name in bright neon

lights, for $$9,900.$

Paved a gravel parking lot at a cost of $$65,000.$

Required:

Sub Sandwiches of America pays cash for each of these expenditures. Determine the

financial statement effects for each.

Complete this question by entering your answers in the tabs below.

Replaced the heating equipment at a cost of $$250,000.$

Note: Amounts to be deducted should be indicated by a minus sign.

Need tables for Heating, Patio, Maintenance, Insurance, Sign and Parkinglot