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Business, 27.09.2019 17:10 darenl3601

The following expenditures relating to plant assets were made by glenn company during the first 2 months of 2017. (b) indicate the account title to which each expenditure should be increased. 1. paid $7,000 of accrued taxes at the time the plant site was acquired. 2. paid $200 insurance to cover a possible accident loss on new factory machinery while the machinery was in transit. 3. paid $850 sales taxes on a new delivery truck. 4. paid $21,000 for parking lots and driveways on the new plant site. 5. paid $250 to have the company name and slogan painted on the new delivery truck. 6. paid $8,000 for installation of new factory machinery. 7. paid $900 for a 1-year accident insurance policy on the new delivery truck. 8. paid $75 motor vehicle license fee on the new truck.

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