Benedict Company incurred the following costs.
- Sales tax on factory machinery purchased
|
$ 5,000
|
- Painting of and lettering on truck immediately upon purchase
|
700
|
- Installation and testing of factory machinery
|
2,000
|
- Real estate broker”s commission on land purchased
|
3,500
|
- Insurance premium paid for first year”s insurance on new truck
|
880
|
- Cost of landscaping on property purchased
|
7,200
|
- Cost of paving parking lot for new building constructed
|
17,900
|
- Cost of clearing, draining, and filling land
|
13,300
|
- Architect”s fees on self-constructed building
|
10,000
|
Instructions
Indicate to which account Benedict would debit each of the costs.
