century 21 accounting © thomson/south-western lesson 18-1 buying plant assets and paying property...
Post on 14-Dec-2015
213 Views
Preview:
TRANSCRIPT
CENTURY 21 ACCOUNTING © Thomson/South-Western
LESSON 18-1LESSON 18-1
Buying Plant Assets and Paying Property Tax
CENTURY 21 ACCOUNTING © Thomson/South-Western
2
LESSON 18-1
RECORDING THE BUYING OF A RECORDING THE BUYING OF A PLANT ASSETPLANT ASSET
11 2233
page 535
January 3, 20X1. Paid cash for a display case, $3,250.00. Check No. 4.
3. Cash paid
44
2. Cost of the plant asset
1. Account title
4. Post
CENTURY 21 ACCOUNTING © Thomson/South-Western
3
LESSON 18-1
CALCULATING AND PAYING CALCULATING AND PAYING PROPERTY TAXPROPERTY TAX page 536
February 1. Classic Parts, Inc., paid cash for property tax, $720.00. Check No. 69.
AnnualProperty Tax
=Tax Rate×Assessed
Value
$720.00=1.2%×$60,000.00
CENTURY 21 ACCOUNTING © Thomson/South-Western
4
LESSON 18-1
TERMS REVIEWTERMS REVIEW
real property personal property assessed value
page 537
top related