question archive Shady Lanes installed automatic sprinkler systems on Sep 24/2020
Shady Lanes installed automatic sprinkler systems on Sep 24/2020
Subject:AccountingPrice:3.87 Bought7
Shady Lanes installed automatic sprinkler systems on Sep 24/2020. The electrical work for the installation was $24,000. The invoice price of the sprinkler equipment was $280,000. Additional costs were $5,000 for delivery and $800 for insurance during transportation. During installation a sprinkler line was punctured and was replaced for $200. What is the cost of the sprinkler equipment and prepare journal entry?
