Resource: Ch. 9 of Financial Accounting Complete Exercise E9-2. on page 430 Submit as either a Microsoft® Excel® or Word document.
Carefully review the section on page 399 of the textbook titled “Determining the Cost of Plant Assets” before working on this exercise. For each cost listed, you need to determine what account will be debited. The textbook does not give you account titles. So that you don’t have to guess at account titles, use only the following choices for answers: Factory Machinery, Truck, Land, Prepaid Insurance, Land Improvements or Building. There should be only one answer for each listed cost.