Introduction to Accounting unit 4 Essay

***(Pg. 164/165 of study guide)
Writing Assignment for Unit Four Continued
2. Rockwell Industries purchased a plant asset to be used in its business. The expenditures included:
Cost of machine $8,000 Special concrete base to support machine 500 Freight charges 1,000 Repair cost of damage incurred during installation 300
The Machine account will be debited for ________.
3. List and discuss the following:
a. Rights of common stockholders b. Rights of preferred stockholders
*** Please reference, “BAM110 College Accounting: A Practical Approach 12th Jeffrey Slater Pearson/Prentice Hall 2013 “