Business
Business, 23.08.2021 15:50, quincyjosiah07

Adama Company incurred the following costs. Indicate to which account Adama would debit each of the costs.
1. Sales tax on factory machinery purchased $5,000
Select an account to be debited
2. Painting of and lettering on truck immediately upon purchase 700
Select an account to be debited
3. Installation and testing of factory machinery 2,000
Select an account to be debited
4. Real estate broker’s commission on land purchased 3,500
Select an account to be debited
5. Insurance premium paid for first year’s insurance on new truck 880
Select an account to be debited
6. Cost of landscaping on property purchased 7,200
Select an account to be debited
7. Cost of paving parking lot for new building constructed 17,900
Select an account to be debited
8. Cost of clearing, draining, and filling land 13,300
Select an account to be debited
9. Architect’s fees on self-constructed building 10,000
Select an account to be debited
Equipment
Equipment
Equipment
Land
Prepaid insurance
Land improvements
Land improvements
Land
Building

answer
Answers: 3

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Adama Company incurred the following costs. Indicate to which account Adama would debit each of th...

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