E9-1 The following expenditures relating to plant assets were made by Spaulding Company during the first 2 months of 2011. Paid $5,000 of accrued…
E9-1 The following expenditures relating to plant assets were made by Spaulding Companyduring the first 2 months of 2011.1. Paid $5,000 of accrued taxes at time plant site was acquired.2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinerywas in transit.3. Paid $850 sales taxes on new delivery truck.4. Paid $17,500 for parking lots and driveways on new plant […]