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kiki3002
kiki3002
18.06.2020 • 
Business

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 the account to be debited Land ImprovementsLandPrepaid 2. Painting of and lettering on truck immediately upon purchase 700 Select the account to be debited Prepaid InsuranceBuildingLand 3. Installation and testing of factory machinery 2,000 Select the account to be debited Prepaid Improvements4. Real estate broker’s commission on land purchased 3,500 Select the account to be debited Prepaid Improvements5. Insurance premium paid for first year’s insurance on new truck 880 Select the account to be debited EquipmentPrepaid InsuranceLand ImprovementsBuildingLand6. Cost of landscaping on property purchased 7,200 Select the account to be debited Prepaid InsuranceLand 7. Cost of paving parking lot for new building constructed 17,900 Select the account to be debited LandEquipmentLand ImprovementsPrepaid InsuranceBuilding8. Cost of clearing, draining, and filling land 13,300 Select the account to be debited BuildingLandLand Insurance9. Architect’s fees on self-constructed building 10,000 Select the account to be debited

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