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Business, 22.04.2020 00:20 arosh4763

(b) The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2020. Opposite each of the following transactions indicate the account title to which each expenditure should be debited. No. Expenditures Plant Assets 1. Paid $5,000 of accrued taxes at time plant site was acquired. select an account title 2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. select an account title 3. Paid $850 sales taxes on new delivery truck. select an account title 4. Paid $17,500 for parking lots and driveways on new plant site. select an account title 5. Paid $250 to have company name and advertising slogan painted on new delivery truck. select an account title 6. Paid $8,000 for installation of new factory machinery. select an account title 7. Paid $900 for one-year accident insurance policy on new delivery truck. select an account title 8. Paid $75 motor vehicle license fee on the new truck.

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(b) The following expenditures relating to plant assets were made by Prather Company during the firs...

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