Account title options:

Property tax expense

Prepaid insurance

License expense

Not applicable

Land improvements

Question 2 of 4 - / 1 View Policies Current Attempt in Progress Sheridan Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order Debit 1 2 3 4 5 6. 7 8 9. Excavation costs for new building Architect's fees on building plans Full payment to building contractor Cost of real estate purchased as a plant site (land $263.000 and building $25,000) Cost of parking lots and driveways Accrued real estate taxes paid at time of purchase of land Installation cost offences around property Cost of demolishing building to makeland suitable for construction of new building Real estate taxes paid for the current year on land $31.000 41.000 648,000 288,000 37.000 3,970 7,600 39.000 7,200 $1 102,770 Credit Proceeds from salvage of demolished building 10 $ 12.800 Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns, For amoun the Other Accounts column also indicate the account title. (if an amount falls into either the Land or Buildings column, enter"Not Applicable" in the account title column. Enter negative amounts using either a negative sign preceding the number es.-45 or parenthes (451) Other Accounts Item Land Building Amounts Account Title 1 $ $ $ 2 3 4 5 6 7 8 9 10 S