Adama Company incurred the following costs. Indicate to which account Adama would debit each of the costs. 1. Sales tax on factory machinery purchased $5,000 Select an account to be debited 2. Painting of and lettering on truck immediately upon purchase 700 Select an account to be debited 3. Installation and testing of factory machinery 2,000 Select an account to be debited 4. Real estate broker’s commission on land purchased 3,500 Select an account to be debited 5. Insurance premium paid for first year’s insurance on new truck 880 Select an account to be debited 6. Cost of landscaping on property purchased 7,200 Select an account to be debited 7. Cost of paving parking lot for new building constructed 17,900 Select an account to be debited 8. Cost of clearing, draining, and filling land 13,300 Select an account to be debited 9. Architect’s fees on self-constructed building 10,000 Select an account to be debited

Adama Company incurred the following costs. Indicate to which account Adama would debit each of the costs. 1. Sales tax on factory machinery purchased $5,000 Select an account to be debited 2....

Adama Company incurred the following costs.

Indicate to which account Adama would debit each of the costs.

1.	Sales tax on factory machinery purchased	$5,000	Select an account to be debited
2.	Painting of and lettering on truck immediately upon purchase	700	Select an account to be debited
3.	Installation and testing of factory machinery	2,000	Select an account to be debited
4.	Real estate broker’s commission on land purchased	3,500	Select an account to be debited
5.	Insurance premium paid for first year’s insurance on new truck	880	Select an account to be debited
6.	Cost of landscaping on property purchased	7,200	Select an account to be debited
7.	Cost of paving parking lot for new building constructed	17,900	Select an account to be debited
8.	Cost of clearing, draining, and filling land	13,300	Select an account to be debited
9.	Architect’s fees on self-constructed building	10,000	Select an account to be debited

Jun 10, 2022