Spaulding Company

by | Sep 4, 2021 | Homework Help

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 site.5. Paid $250 to have company name and advertising slogan painted on new delivery truck.6. Paid $8,000 for installation of new factory machinery.7. Paid $900 for one-year accident insurance policy on new delivery truck.8. Paid $75 motor vehicle license fee on the new truck.

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