Blossom 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.		Excavation costs for new building		$25,000
2.		Architects fees on building plans		35,000
3.		Full payment to building contractor		642,000
4.		Cost of real estate purchased as a plant site (land $257,000 and building $25,000)		282,000
5.		Cost of parking lots and driveways		31,000
6.		Accrued real estate taxes paid at time of purchase of land		3,370
7.		Installation cost of fences around property		7,000
8.		Cost of demolishing building to make land suitable for construction of new building		33,000
9.		Real estate taxes paid for the current year on land		6,600
				$1,064,970
Credit
10.		Proceeds from salvage of demolished building		$ 12,200

Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in 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 e.g. -45 or parentheses e.g. (45).)

						Other Accounts
Item		Land		Building		Amounts	Account Title
1		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount	choose an account title Land ImprovementsProperty Tax ExpenseNot ApplicablePrepaid InsuranceLicense Expense
2		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title License ExpenseLand ImprovementsProperty Tax ExpensePrepaid InsuranceNot Applicable
3		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Property Tax ExpenseLand ImprovementsPrepaid InsuranceNot ApplicableLicense Expense
4		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Prepaid InsuranceProperty Tax ExpenseLand ImprovementsLicense ExpenseNot Applicable
5		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Property Tax ExpenseLand ImprovementsPrepaid InsuranceNot ApplicableLicense Expense
6		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Land ImprovementsLicense ExpenseNot ApplicableProperty Tax ExpensePrepaid Insurance
7		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Land ImprovementsProperty Tax ExpenseLicense ExpenseNot ApplicablePrepaid Insurance
8		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Prepaid InsuranceProperty Tax ExpenseLicense ExpenseNot ApplicableLand Improvements
9		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Prepaid InsuranceLicense ExpenseNot ApplicableProperty Tax ExpenseLand Improvements
10		enter a dollar amount		enter a dollar amount		enter a dollar amount	choose an account title Property Tax ExpenseLicense ExpensePrepaid InsuranceNot ApplicableLand Improvements
		$enter a total for the land column		$enter a total for the building column