Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following transactions should debit one of the

The following TRANSACTIONS should DEBIT one of the following categories: . LAND BUILDING ...

80.2K

Verified Solution

Question

Accounting

The following TRANSACTIONS should DEBIT one of the following categories: . LAND BUILDING TRUCK EXPENSE Paid $80,000 for a new truck. Paid $200,000 for the new plant site. Paid $2,000 for insurance on the truck for the remainder of the year. Paid $1,000 for freight to have new truck delivered. Paid $8,000 for the grading of the plant site. Paid $8,000 to demolish a building on the new plant site. Paid $5,000 in legal fees on the purchase of the plant site. TRUCK Choose... Choose... Choose... Choose... Choose...
image
image
The following TRANSACTIONS should DEBIT one of the following categories: - LAND - BUILDING - TRUCK - EXPENSE Paid $80,000 for a new truck. Paid $200,000 for the new plant site. Paid $2,000 for insurance on the truck for the remainder of the year. Paid $1,000 for freight to have new truck delivered. Paid $8,000 for the grading of the plant site. Paid $8,000 to demolish a building on the new plant site. Paid $5,000 in legal fees on the purchase of the plant site. Paid \$2,000 to have the truck repaired from the damoge incurred when it was being delivered to the company

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The range of conditions in which an organism can survive to reproduce is known ascompetitionnichePHtolerance

Statistics
1.2K views

The mass of a whiffle ball varies usually between 40 and 50 grams You decide...

Finance
1.2K views

1. You have $10,026.61 in a brokerage account, and you plan to deposit an additional $5,000...

Chemistry
1.2K views

If theres saturated aqueous solution of Fe(OH)2 at 25°C and Ksp = 4.87 × 10−17, which...

Psychology
1.2K views

For the following hypotheses, define each unclear variable in terms of a PRECISE operational definition in...

Statistics
1.2K views

Suppose x has a distribution with a mean of 70 and a standard deviation of 15....

Geometry
1.2K views

2 Shetch Be graph of f x x D x 4 1 Demak d Zeros...

Basic Math
1.2K views

An art student uses a roll of wallpaper to decorate two gift boxes. The student...

Basic Math
1.2K views

Find the functions which are parallel.I. 3x + 5y = 9II. 3x + 8y =...

Accounting
1.2K views

Question 10 (5 points) Cash is considered what in accounting? Liability...

Accounting
1.2K views

1 Jaut Palat Ltd paid 3600,000 in cash, to...

Accounting
1.2K views

ABC Company reported the following: Beginning inventory of finished goods $ 8,029 Ending inventory of...