R.J. Berkshire incurred the following expenditures to buy new equipment: Invoice, subjec
R.J. Berkshire incurred the following expenditures to buy new equipment:
Invoice, subject to 3% discount$25,000
Installation cost1,800
Insurance for equipment after installation500
Sales tax1,500
Discount taken
The amount the Equipment account will be debited for is ________________.
24) Harrison Services purchased a plant asset to be used in its business. The expenditures included:
Cost of machine$6,000
Special base to support machine300
Freight charges800
Repair cost of damage incurred during installation600
The Machine account will be debited for ________________.
25) C. Halland incurred the following expenditures to buy new equipment:
Invoice, subject to 2% discount$10,000
Installation cost1,000
Testing of equipment after installation500
HST1,430
Discount taken
The amount the Equipment account will be debited is ________________.
26) Harrison Services purchased a plant asset to be used in its business. The expenditures included:
Cost of machine$4,000
Special base to support machine300
Freight charges300
Repair cost of damage incurred during installation600
The Machine account will be debited for ________________.
Tripti
07-Dec-2019
