The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2017.1. Paid $5,000 of accrued taxes at time plant site was acquired.2.Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit.3. Paid $850 sales taxes on new delivery truck.4.Paid $17,500 for parking lots and driveways on new plant site.5.Paid $250 to have company name and advertising slogan painted on new delivery truck.6. Paid $8,000 for installation of new factory machinery.7. Paid $900 for one year accident insurance policy on new delivery truck.8.Paid $75 motor vehicle license fee on the new truck.List the numbers of the foregoing transactions, and opposite each indicate the account title to which each expenditure should be debited.

Respuesta :

Answer:

The given expenditure should be debited are provided below:

1.- Paid $5,000 for taxes at the time of acquisition -  Land  

2.- Insurance cover on new machinery -  Factory Machine  

3. - Paid sales tax  - Delivery Truck

4.- Expense for parking lots  - Land Improvements  

5.  - Paid for printing logo on the truck -  Delivery Truck

6  - Installation charges  - Factory Machine

7. - paid for accident insurance policy -  Prepaid Insurance

8. Paid for the license of new truck - Licence Expense -