Rumblebuffin Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order.

                                                            Debits

1. Cost of filling and grading the land                                                        $ 4,000
2. Full payment to building contractor                                                       700,000
3. Real estate taxes on land paid for the current year                                     5,000
4. Cost of real estate purchased as a plant site (land $100,000 and
building $45,000)                                                                                        145,000
5. Excavation costs for new building                                                            35,000
6. Architect’s fees on building plans                                                             10,000
7. Accrued real estate taxes paid at time of purchase of real estate                2,000
8. Cost of parking lots and driveways                                                           14,000
9. Cost of demolishing building to make land suitable for construction of
new building                                                                                                  15,000
                                                                                                                   $930,000

                                                           Credit
10. Proceeds from salvage of demolished building                                     $ 3,500

Instructions
Analyze the foregoing transactions using the following column headings. Insert the number of each transaction in the Item space, and insert the amounts in the appropriate columns. For amounts entered in the Other Accounts column, also indicate the account titles.

                Item             Land             Buildings             Other Accounts