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

\section*{Instructions}
Analyze the transactions using the table column headings provided here. Enter the number of each transaction in the Item column, and enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account titles.
\section*{Item Land Building Other Accounts}

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Debits 1. Cost of real estate purchased as a plant site (land $100,000 and building $45,000) $145,000 2. Accrued real estate taxes paid at time of purchase of real estate 2,000 3. Cost of demolishing building to make land suitable for construction of new building 12,000 4. Cost of filling and grading the land 4,000 5. Excavation costs for new building 20,000 6. Architect's fees on building plans 10,000 7. Full payment to building contractor 700,000 8. Cost of parking lots and driveways 14,000 9. Real estate taxes paid for the current year on land 5,000 $912,000 Credits 10. Proceeds for salvage of demolished building $3,500