The following expenditures relating to plant assets were made by Watkens Company during the first 2 months of 2014.

The following expenditures relating to plant assets were made by Watkens Company during the first 2 months of 2014.

(a) Indicate the account title to which each expenditure should be debited.

1.		Paid $7,000 of accrued taxes at the time the plant site was acquired.		License Expense Equipment Land Improvements Prepaid Insurance Land
2.		Paid $200 insurance to cover a possible accident loss on new factory machinery while the machinery was in transit.		Land Prepaid Insurance Land Improvements License Expense Equipment
3.		Paid $850 sales taxes on a new delivery truck.		Equipment Land Prepaid Insurance License Expense Land Improvements
4.		Paid $21,000 for parking lots and driveways on the new plant site.		Equipment Land Improvements License Expense Land Prepaid Insurance
5.		Paid $250 to have the company name and slogan painted on the new delivery truck.		Prepaid Insurance License Expense Land Equipment Land Improvements
6.		Paid $8,000 for installation of new factory machinery.		License Expense Equipment Prepaid Insurance Land Improvements Land
7.		Paid $900 for a 1-year accident insurance policy on the new delivery truck.		Land Equipment Land Improvements License Expense Prepaid Insurance
8.		Paid $75 motor vehicle license fee on the new truck.		Prepaid Insurance License Expense Land Land Improvements Equipment