Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on august 2, 2021, mk inc used cash for these item

On August 2, 2021, MK INC used cash for these items: a. Land price; Rp250.000.000.000...

90.2K

Verified Solution

Question

Accounting

On August 2, 2021, MK INC used cash for these items:

a. Land price; Rp250.000.000.000

b. Land acquisition tax; 10% of the land price

c. Commission fee for the land acquisition; 20% of the land price

d. Razing property above land cost; Rp30.000.000

e. Fence built above the land; Rp90.000.000

f. Trucks for operations cost; Rp80.000.000

g. MK INC logo painting on trucks cost; Rp10.000.000

h. Trucks annual license; Rp5.000.000

Classify each transaction to one of these accounts, without calculating the total cost: land, land improvement, trucks, others (if others, please specify the right account name). Example:

a. Land

b. Xxx

c. Xxx

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A trait in cows is determined by two alleles of a single gene allele R...

Biology
Q

Given that a mass of 1 kg is suspended from a spring of stiffness constant...

Physics
Q

7 IF mCD 62 and mAB 70 find mZE and mZAOB m E m AOB...

Geometry
Q

sing disks or washers find the volume of the solid obtained by rotating the region...

Calculus
Q

Question A Use implicit differentiation to find the equation of the tangent line to the...

Calculus
Q

SECTION TWO Instructions Find the missing side Round to the nearest tenth 14 X 17...

Algebra
Q

Problem 2- Multiple Production Department Factory Overhead Rates The total factory overhead for...

Accounting
Q

The following labor standards have been established for a particular product: Standard labor-hours per unit...

Accounting
Q

14. Shipley Corporation tuvo una utilidad neta para el ao de $480k y un nmero...

Accounting
Q

2. What sort of organizational design will support her strategy? How

Accounting
Q

regarding the equilibrium price of supply and demand for a single product, explain the forces...

Accounting
Q

LOP Bhd has 6.50 billion shares outstanding and a share price of RM19.00. LOP Berhad...

Finance