Business, 03.07.2020 21:01 starboy1051

Sub Sandwiches of America made the following expenditures related to its restaurant. 1. Replaced the heating equipment at a cost of $250,000.
2. Covered the patio area with a clear plastic dome and enclosed it with glass for use during the winter months. The total cost of the project was $750,000.
3. Performed annual building maintenance at a cost of $24,000.
4. Paid for annual insurance for the facility at $8,800.
5. Built a new sign above the restaurant, putting the company name in bright neon lights, for 9,900.
6. Paved a gravel parking lot at a cost of $65,000.

Required:
Sub Sandwiches of America credits cash for each of these expenditures. Select the account it debits for each.

Answers: 1

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Sub Sandwiches of America made the following expenditures related to its restaurant. 1. Replaced th...

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