company paid $720 in cash. It also cost Batman's Bags Co. $39 to have the equipment delivered (delivery took one day), $210 for one-year insurance, and $54 to install and calibrate thel equipment. The amount that will be capitalized to the machinery account is (enter dollar amount).
At the end of the year, Oberyn Inc. had accounts payable of $52. During the year, Oberyn Inc. bought inventory on credit of $135 and paid off accounts payable amounting to $97. At the beginning of the year, the accounts payable balance would have been ſenter dollar amount).
At the beginning of the year, the equipment and accumulated depreciation account balances for Superman Sales Inc. were $630 and $126 respectively. At the end of the year, the equipment account was $505 and accumulated depreciation was $110. The company sold one equipment during the year and no new equipment was purchased. The total depreciation expense during the year was $24. If a gain of $8 resulted from the sale of equipment, the equipment must have been sold for (enter dollar amount).
Batman's Bags Co. purchased a new bag-making machine. The Batman's Bags Co. purchased a new bag-making machine. The company paid $720 in cash. It also cost Batman's Bags Co. $39
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