Financial Accounting

Question description

Resource:
Ch. 9 of Financial
Accounting
Complete
Exercise E9-2.
Submit
as either a Microsoft®
Excel® or Word document.Determine property, plant, and equipment costsE9-2 Trudy Company incurred the following costs.1. Sales tax on factory machinery purchased $ 5,0002. Painting of and lettering on truck immediately upon purchase 7003. Installation and testing of factory machinery 2,0004. Real estate broker’s commission on land purchased 3,5005. Insurance premium paid for first year’s insurance on new truck 8806. Cost of landscaping on property purchased 7,2007. Cost of paving parking lot for new building constructed 17,9008. Cost of clearing, draining, and filling land 13,3009. Architect’s fees on self-constructed building 10,000InstructionsIndicate to which account Trudy would debit each of the costs.