Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Pappas Computers constructed a new training center in 20x7 You have been hired to manage t...

Pappas Computers constructed a new training center in 20x7 You have been hired to manage the training center A review of the accounting records shows the following expenditures debited to an asset

Pappas Computers constructed a new training center in 20x7. You have been hired to manage the training center. A review of the accounting records shows the following expenditures debited to an asset account called Training Center: Attorney s fee, land acquisition ............................................ $ 34,900 Cost of land .................................................................... 598,000 Architect s fee, building design ............................................. 102,000 Building.......................................................................1,020,000 Parking lot and sidewalk ..................................................... 135,600 Electrical wiring, building ................................................... 164,000 Landscaping..................................................................... 55,000 Cost of surveying land ...................................................... 9,200 Training equipment, tables, and chairs .................................... 136,400 Installation of training equipment .......................................... 68,000 Cost of grading the land...................................................... 14,000 Cost of changes in building to soundproof rooms ....................... 59,200 Total account balance................................................... $2,396,300 During the center s construction, an employee of Pappas Computers worked full time overseeing the project. He s

Apr 21 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions