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18 9 points 8 02:16:39 After planning to build a new plant, Kallisto Backpack Manufacturing purchased a large lot on which a small building was
18 9 points 8 02:16:39 After planning to build a new plant, Kallisto Backpack Manufacturing purchased a large lot on which a small building was located. The negotiated purchase price for this real estate was $1,300,000 for the lot plus $500,000 for the building. The company paid $77,000 to have the old building torn down and $107,000 for levelling the lot. Finally, it paid $2,980,000 in construction costs, which included the cost of a new building plus $217,000 for lighting and paving a parking lot next to the building. Present a single journal entry to record the costs incurred by Kallisto, all of which were paid in cash (assume a date of March 10, 2023, for your entry) View transaction list Journal entry worksheet 1 Record the costs of plant assets. Note: Enter debits before credits. Date March 10, 2023 Record entry General Journal Clear entry Debit Credit View general journal
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