I need help with the attached excel assignment.
I need help with the attached excel assignment. I want to make sure am on the right track
Account Ttles:CashLandLand ImprovementsBuildingFurnitureExpense (determine expense account title)Prepaid account (determine full account title)Item 1Paid $2,500 for one year insurance coverage on equipmentItem 2Paid $7,500 for trees and shrubsItem 3Item 4Item 5Paid $1,000 freight costs on purchase of new furnitureItem 6Paid $300 for staplers, trash cans, and desktop matsListed below are nine fxed asset transacTons.Record the journalentries.Dates and descripTons are not required.±he onlyaccount Ttles you will need are listed:Paid $500 attorney’s fees for document preparation relatedto land purchasePaid$150,000 for landand building.The landwasseparatelyvaluedat$40,000,andthebuildingat$120,000.Hint – the cash is only $150,000 and the entrymust balance.
Item 7Item 8Item 9Paid $25,000 to expand parking lot pavingItem 1Item 2Item 3Item 4Item 5Item 6Item 7Item 8Item 9Ordered new $50,000 truck, to be delivered and paid for inthe futurePaid $10,000 of interest costs on loan on active buildingconstruction project
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