Q1/
The transactions that follow are expenditures related to
property, plant, and equipment:
For each of the transactions, indicate the title of the account
that you think should be debited in recording the
transaction.
1. |
Operator controls on equipment were replaced for $7,370, because the original control devices were not adequate. |
Land ImprovementsVehiclesBuildingsEquipmentRepair and Maintenance Expense |
||
2. |
A total of $5,013 was spent for decorative landscaping (planting flowers and shrubs, etc.). |
BuildingsLand ImprovementsRepair and Maintenance ExpenseEquipmentVehicles |
||
3. |
A new air conditioning system for the office was purchased for $16,730. |
EquipmentVehiclesRepair and Maintenance ExpenseLand ImprovementsBuildings |
||
4. |
Windows broken in a labour dispute were replaced for $2,219. |
BuildingsVehiclesRepair and Maintenance ExpenseLand ImprovementsEquipment |
||
5. |
A fee of $1,640 was paid for adjusting and testing new machinery before its use. |
VehiclesBuildingsLand ImprovementsRepair and Maintenance ExpenseEquipment |
||
6. |
Machinery damaged by a forklift was repaired for $5,260. |
Repair and Maintenance ExpenseEquipmentBuildingsVehiclesLand Improvements |
||
7. |
The transmission in a delivery truck was repaired for $2,260. |
Land ImprovementsEquipmentVehiclesRepair and Maintenance ExpenseBuildings |
||
8. |
Expenditures totalling $2,830 were incurred to repaint the exterior of the building. |
EquipmentLand ImprovementsRepair and Maintenance ExpenseVehiclesBuildings |
||
9. |
Paid $20,000 to convert the company’s delivery vehicles from gasoline to propane to increase fuel efficiency. |
EquipmentVehiclesBuildingsLand ImprovementsRepair and Maintenance Expense |
||
10. |
Paid $10,000 to replace the company’s light bulbs with more energy-efficient bulbs. |
VehiclesEquipmentLand ImprovementsRepair and Maintenance ExpenseBuildings |
1. |
Operator controls on equipment were replaced for $7,370, because the original control devices were not adequate. |
Equipment |
||
2. |
A total of $5,013 was spent for decorative landscaping (planting flowers and shrubs, etc.). |
Land Improvements | ||
3. |
A new air conditioning system for the office was purchased for $16,730. |
Equipment | ||
4. |
Windows broken in a labour dispute were replaced for $2,219. |
Repair and Maintenance | ||
5. |
A fee of $1,640 was paid for adjusting and testing new machinery before its use. |
Equipment | ||
6. |
Machinery damaged by a forklift was repaired for $5,260. |
Repair and Maintenance |
||
7. |
The transmission in a delivery truck was repaired for $2,260. |
Repair and Maintenance | ||
8. |
Expenditures totalling $2,830 were incurred to repaint the exterior of the building. |
Repair and Maintenance | ||
9. |
Paid $20,000 to convert the company’s delivery vehicles from gasoline to propane to increase fuel efficiency. |
Vehicles |
||
10. |
Paid $10,000 to replace the company’s light bulbs with more energy-efficient bulbs. |
Repair and Maintenance |
Kindly comment if you need further assistance.
Thanks‼!
Q1/ The transactions that follow are expenditures related to property, plant, and equipment: For each of...