asked 60.8k views
5 votes
Pat's Garage installed a new parking lot. The paving cost $10,000 and the lights to illuminate the new parking area cost $5,000. These additions require that

1 Answer

5 votes

Answer:

15000 must be debited

Step-by-step explanation:

Pat's garage has recently installed a new parking lot which will cost around $15000. The paying cost of $10000, and $5000 for the new parking area. Both these costs are related to land's improvement which is why; pat's must debit $15000 to the land improvement. The $15000 is debited because this money is added to be used for land improvement.

answered
User Ztirom
by
8.5k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.