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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, 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

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