Identify the appropriate accounting treatment for each of the payments listed below using the following code:
C = Capitalize
E = Expense
N = Neither of the above
______ 1.Paid one-month's rent on an office
______ 2.Bought a new truck
______ 3.Bought new hand-held computers for the sales staff
______ 4.Paid for insurance coverage for one year
______ 5.Paid to tune up the truck
______ 6.Paid the employees their weekly wages
______ 7.Paid cash to the owners as a dividend
______ 8.Paid for construction of a building
______ 9.Paid to paint a machine
______ 10.Incurred a cost designed to make a machine work two additional years

Question

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The Answer of Identify the appropriate accounting treatment for each of the payments listed below using the following code:
C = Capitalize
E = Expense
N = Neither of the above
______ 1.Paid one-month's rent on an office
______ 2.Bought a new truck
______ 3.Bought new hand-held computers for the sales staff
______ 4.Paid for insurance coverage for one year
______ 5.Paid to tune up the truck
______ 6.Paid the employees their weekly wages
______ 7.Paid cash to the owners as a dividend
______ 8.Paid for construction of a building
______ 9.Paid to paint a machine
______ 10.Incurred a cost designed to make a machine work two additional years

Identify the Appropriate Accounting Treatment for Each of the Payments