On March 1, 2014, Westmorlan Company acquired real estate on which it planned to construct a small
Question:
Instructions
(a) Determine the amount to be reported as the cost of the land.
(b) For each cost not used in part (a), indicate the account to be debited.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (18 reviews)
a Cost of land Cash paid 75000 Net cost of removing warehous...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Accounting questions
-
On March 1, 2015, Westmorlan Company acquired real estate on which it planned to construct a small office building. The company paid $75,000 in cash. An old warehouse on the property was razed at a...
-
On March 1, 2017, Westmorlan Company acquired real estate on which it planned to construct a small office building. The company paid $75,000 in cash. An old warehouse on the property was razed at a...
-
On March 1, 2019, Westmorlan Company acquired real estate on which it planned to construct a small office building. The company paid $75,000 in cash. An old warehouse on the property was razed at a...
-
A chamber contains a mixture of CO2, CO and O2 is in equilibrium at a specified temperature and pressure. How will (a) Increasing the temperature (T) at constant pressure and (b) Increasing the...
-
What are the advantages of using a microelectrode for voltammetric measurements?
-
Which of the following additions to the basic REA template are sometimes needed? a. Relationships between two resources b. Relationships between two agents an agent c. Relationships between a...
-
In 1989, PepsiCo Inc. acquired three international franchise-food operationsPizza Hut, Taco Bell, and Kentucky Fried Chicken. PepsiCo paid an aggregate of \($3.4\) billion for the three businesses,...
-
Nelson Car Audio needs 500 amplifiers to complete this months car stereo shipment. If Nelson buys rather than makes the amplifiers, some of the facilities still cannot be used in another...
-
5 2 3 $300 $310 $320 $330 $340 Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 Cash flows -$1,100 a. 2.31 years Ob. 3.52 years...
-
Eli Lilly, a major pharmaceutical company, includes the following in its December 31, 2011, balance sheet ($ amounts in millions): Accounts receivable, net of allowances of $110.1......$3,597.7 1....
-
Benedict Company incurred the following costs. 1. Sales tax on factory machinery purchased ........... $ 5,000 2. Painting of and lettering on truck immediately upon purchase ... 700 3. Installation...
-
Tom Parkey has prepared the following list of statements about depreciation. 1. Depreciation is a process of asset valuation, not cost allocation. 2. Depreciation provides for the proper matching of...
-
A neutral atom has two electrons with n = 1, eight electrons with n = 2, eight electrons with n = 3, and two electrons with n = 4. Assuming this element is in its ground state, supply the following...
-
Why do we feel more energy with sport shoes? Some sport shoes have spring-loaded heels. When a guy with 80 kg put all his weight on the two feet, the spring at each foot compresses by 1.5 mm. Find...
-
=== Let r(t) (2,1 t, 4t). Calculate the derivative of r(t) a(t) at t = 8, assuming that a(8)=(-3, -9, 6) and a'(8)=(-2,-2,3) d. dt (t) - a(t)|t-s=
-
1. We call a dummy variable, any random variable d that can only take values 0 or 1. In this exercise you will be asked to prove some results about regressions with dummy variables. Consider the...
-
Dahlia Corporation has a current accounts receivable balance of $447,016. Credit sales for the year just ended were $4,950,605. a. What is the receivables turnover? Note: Do not round Intermediate...
-
Find the length of the curve (t)=(9,,) for-3
-
Table 21.2 shows GDP/capita and total health care spending per capita for 42 countries (the fi rst two columns of numbers). (a) Calculate the means of both variables. (b) Calculate a regression...
-
C- Consider the following scenario:- A supermarket needs to develop the following software to encourage regular customers. For this, the customer needs to supply his/her residence address, telephone...
-
Rework Problem 4.39 if the phase spacing between adjacent conductors is (a) increased by \(10 \%\) to \(7.7 \mathrm{~m}\) or (b) decreased by \(10 \%\) to \(6.3 \mathrm{~m}\). Compare the results...
-
The following accounts appear in an adjusted trial balance of Pilot Consulting. Indicate whether each account would be reported in the (a) Current asset: (b) Property, plant, and equipment; (c)...
-
After the accounts have been adjusted at October 31, the end of the fiscal year, the following balances were taken from the ledger of Silver Gate Delivery Services Co: Retained Earnings $ 800,000...
-
After the accounts have been adjusted at Retained Earnings $ 275,000 Dividends 25,000 Fees Earned 400,000 Wages Expense 280,000 Rent Expense 40,000 Supplies Expense 3,000 Miscellaneous Expense 12,000...
-
Provide an example of how you used the observation tool to record meaningful and accurate information. Attach proof of your recorded observations to your portfolio. Make sure you document your...
-
you buy 3 0 0 0 0 shares of rangers company preferred stock at $ 4 4 per share. every quarter you get a $ 1 . 2 5 preferred dividend for each share of stock. exactly one year later you sell the...
-
Suppose a project has the following cash flows: Year 0 : - 2 5 million dollars Year 1 : 8 million dollars Year 2 : 1 0 million dollars Year 3 : 1 2 million dollars Year 4 : 1 4 million dollars What...
Study smarter with the SolutionInn App