ooo Inland C.. LTE 6:14 PM edu gen wileyplus.com Problem 10-1A Venable Company w

Question

ooo Inland C.. LTE 6:14 PM edu gen wileyplus.com Problem 10-1A Venable Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. en Debit 1 Cost of filling and grading the land 4,000 Full payment to building contractor 3 Real estate taxes on land paid for the current year 4 Cost of real estate purchased as a plant site (land $112,500 and building $40,500) S Excavation costs for new building Architect's fees on building plans Accrued real estate taxes paid at time of purchase of 2500 real estate Cost of parking lots and driveways Cost of demolishing building to make land suitable for construction of new building Credit o Proceeds from salvage of demolished building 3,000 Analyze the foregoing transactions using the following column headings. Insert the amounts in the appropriate columns. (If an amount reduces the account balance then enter with a negative sign preceding the number, e.g. -15,000 or parenthesis, e.g. (15,000).) Item

Explanation / Answer

some figures are not clear , please make changes if required

item land building other accounts 1 4,000 2 686,000 3 6,000 4 153,000 5 30,500 6 14,500 7 2,500 8 14,000 9 26,000 10 -3,000 182,500 731000

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