Indicate the account it debits for each

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Reference no: EM131521382

Question: Sub Sandwiches of America made the following expenditures related to its restaurant:

1. Replaced the heating equipment at a cost of $250,000.

2. Covered the patio area with a clear plastic dome and enclosed it with glass for use during the winter months. The total cost of the project was $750,000.

3. Performed annual building maintenance at a cost of $24,000.

4. Paid for annual insurance for the facility at $8,800.

5. Built a new sign above the restaurant, putting the company name in bright neon lights, for $9,900.

6. Paved a gravel parking lot at a cost of $65,000.

Required: Sub Sandwiches of America credits Cash for each of these expenditures. Indicate the account it debits for each.

Reference no: EM131521382

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