Little King Sandwiches made the following expenditures related to its restaurant:
1. Replaced the heating and air conditioning system at a cost of $15,000.
2. Remodeled the restaurant building. The total cost of the project was $150,000.
3. Performed annual building maintenance at a cost of $47,000.
4. Paid annual insurance premium on the property for the coming year, $7,700.
5. Purchased a new delivery truck, $22,500.
6. Landscaped the property and added outdoor lights, $9,000.
Little King credits cash for each of these expenditures. Indicate the account to be debited for each expenditure.
Correct Answer:
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2. Building
3. Mai...
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