Into Yo + https://edugen.wil Kimmel, Accounting, 6e PRINCIPLES OF FINANCIAL ACCO

Question

Into Yo + https://edugen.wil Kimmel, Accounting, 6e PRINCIPLES OF FINANCIAL ACCOUNTING (ACCT 287) Gradebook ORION Downloadable eTextbook ment u moer any was o om anized dn ana i, on the first-e arc wing p ant asset expenditures and receipts were recorded in random order operatons, he fol 1. 2. 3. Excavation costs for new building Architect's fees on building plans $13,155 42,740 677,600 Full payment to building contractor Cost of real estate purchased as a plant site (land $283,500 and building $32,600) 316,100 5. Cost of parking lots and driveways 6. Accrued real estate taxes paid at time of purchase of real estate 7. Installation cost of fences around property 8. building 9. Real estate taxes paid for the current year on land 37,440 7,210 26,200 7,460 $1,130,125 Cost of demolishing building to make land suitable for construction of new Credit $12,200 10. Proceeds from salvage of demolished building For nts in the approprlate columnsi heccount tite column. Enter negative Analyze the transactions using the following table column headings. Enter the amou indicate the account title. (Ir an amount fall into the Land and Buildings column then amounts using either a negative sign pre g the number e.g. -45 or parentheses e.g. (45).) search DOLL

Explanation / Answer

other accounts item land Building amounts Account title 1 13,155 2 42,740 3 677,600 4 316,100 5 37,440 land improvements 6 2,220 7 7,210 land improvements 8 26,200 9 7,460 property taxes 10 -12,200 332320 733,495

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