week 5 problems

week 5 problems
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Exercise 9-2
Bliesmer Company incurred the following costs. Indicate to which account Bliesmer would debit each of the costs.

No.

Transactions

Account
1.

Sales tax on factory machinery purchased

$ 5,000

2.

Painting of and lettering on truck immediately upon purchase

700

3.

Installation and testing of factory machinery

2,000

4.

Real estate broker’s commission on land purchased

3,500

5.

Insurance premium paid for first year’s insurance on new truck

1,100

6.

Cost of landscaping on property purchased

7,200

7.

Cost of paving parking lot for new building constructed

17,900

8.

Cost of clearing, draining, and filling land

12,600

9.

Architect’s fees on self-constructed building

10,000

Exercise 9-7
Tanger Company purchased a delivery truck for $36,000 on January 1, 2014. The truck has an expected salvage value of $6,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2014 and 12,000 in 20

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