Cost of paving parking area for employees and customers

Assignment Help Financial Accounting
Reference no: EM13775286

Identify each of the following expenditures as chargeable to Land, Land Improvements, Buildings, Machinery and Equipment, or other account?

1. Cost of paving parking area for employees and customers.

2. Insurance during construction of building.

3. Interest incurred on loan during construction of building.

4. Fee paid for installation of equipment.

5. Special foundation for new equipment acquired.

6. Insurance on new equipment while in transit.

7. Freight charges on new equipment.

8. Cost of repairing vandalism damage to equipment during installation.

9. Sales tax on new equipment.

10. Cost incurred in repairing damage resulting from installation of new equipment.

11. Cost of land fill for building site.

12. Cost of lubricating oil purchased for periodic oil changes for equipment.

13. Parking lot lighting.

14. Installing a fence around the parking lot.

15. Repainting the trim on a building.

16. Special assessment paid to city for extension of water main to property.

17. Cost of raising and removing the old building on property acquired for a building site.

18. Delinquent real estate taxes assumed by purchaser on property acquired for a building site.

19. Attorney's fee for title search.

20. Architect's fee for building plans and supervision of construction.

A. Buildings

B. Land

C. Land Improvements

D. Machinery and Equipment

E. Other Account

Reference no: EM13775286

Questions Cloud

In this audit of the sales and collection cycle : What inherent risks are you concerned about? In this audit of the sales and collection cycle, which types of tests are you likely to emphasize?
Federal unemployment compensation tax-federal income tax : Federal Unemployment Compensation Tax. Federal Income Tax. State Unemployment Compensation Tax
Modern western worldview and the postmodern worldview : Based on your reading of the GCU Introduction and the textbooks, what is the main difference between the modern Western worldview and the postmodern worldview?
Develop a query to display student fname : From the tables implemented in answer 1, using MS-Access to develop a query to display student Fname who has the highest fine of ticket.
Cost of paving parking area for employees and customers : Identify each of the following expenditures as chargeable to Land, Land Improvements, Buildings, Machinery and Equipment, or other account? Cost of paving parking area for employees and customers. Insurance during construction of building. Interest i..
Global giant like coca-cola begins operations : What kinds of advantages does such an expansion bring to the globalizing organization?
Describe setting and actions in italics : Describe setting and actions in italics. Use "hanging indent" to set the names apart from the dialog. Students must learn to work consistently on their assignments-too many students choose to make socializing.
Explain how this aspect may be relevant to your life : The author suggests four aspects of using the "sociological perspective" to understand human society. In 5-7 sentences, answer the following: Select one of the four aspects. Provide a unique example different from the textbook. Explain how this aspe..
Internal control inherent in maker-checker procedure : Bank employees use a system known as the maker-checker system. An employee will record an entry in the appropriate journal, and then a supervisor will verify and approve the entry. Identify the principles of internal control inherent in the maker-che..

Reviews

Write a Review

Financial Accounting Questions & Answers

  How does this compare to the overhead cost charged

Assume that in the current year, the company continues to allocate overhead based on labor hours. What would be the overhead cost of an 8-labor-hour job requested by Jasmine’s Fine Jewelry? How does this compare to the overhead cost charged to suc..

  Shares of no-par common stock issued

On January 1, Staff Corporation had 80,000 shares of no-par common stock issued. 5,000 shares are held as treasury stock. The stock has a stated value of $5 per share. During the year, the following transactions occurred. Apr. 1 Issued 12,000 additio..

  Matching principle of accountingause the horizontal model

matching principle of accounting.ause the horizontal model or write the journal entry to record the payment of a

  Explain why do some contracts have to be in writing

Explain Why do some contracts have to be in writing? Should you put in writing some contracts that are legally enforceable even if they are only oral?

  Compute the variable and fixed cost elements

Compute the variable and fixed cost elements using the high - low method.

  What is the total debt ratio

Leverage. A firm has a long-term debt-equity ratio of .4. Shareholders' equity is $1 million. Current assets are $200,000, and the current ratio is 2. The only current liabilities are notes payable. What is the total debt ratio?

  Does it make these accounts safer

Regular savings accounts are insured by the FDIC up to 250,000 just recently. Does it make these accounts safer and If these accounts are safe what is the drawback?

  What are the budgeted cash receipts from sales on account

Win Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted to be $16,000 for March and $65,500 for April, what are the budgeted cash receipts from sales o..

  Question several years ago abrams inc sold 1120000 in bonds

question several years ago abrams inc. sold 1120000 in bonds to the public. yearly cash interest of 9 100800 was to be

  Journalize entries to record in the partnership accounts

The partners agree that the merchandise inventory is to be priced at $60,000. Journalize entries to record in the partnership accounts (a) Barton’s investment and (b) Fallows’ investment.

  Compute the total cost of the work in process inventory

Compute the total cost of the work in process inventory on January 31 and compute the cost of jobs completed during January, and present the proper journal entry to reflect job completion.

  Definition of primary and secondary market and

definition of primary and secondary market and identification of their role in finance.define the following terms and

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd