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The following expenditures relating to plant assets were made by Prather Company during the first...

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Accounting

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The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2020 Opposite each of the following transactions indicate the account title to which each expenditure should be debited No. Expenditures Plant Assets 1. 2. 3. 4. 5. 6. 7. 8. Paid $5,000 of accrued taxes at time plant site was acquired Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. Paid $850 sales taxes on new delivery truck. Paid $17,500 for parking lots and driveways on new plant site Paid $250 to have company name and advertising slogan painted on new delivery truck. Paid $8,000 for installation of new factory machinery Paid $900 for one-year accident insurance policy on new delivery truck. Paid $75 motor vehicle license fee on the new truck

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