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Blossom Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment. Abstract companys fee for

Blossom Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment.

Abstract companys fee for title search $1,092
Architects fees 6,657
Cash paid for land and dilapidated building thereon 182,700
Removal of old building

$42,000

Less: Salvage

11,550

30,450
Interest on short-term loans during construction 15,540
Excavation before construction for basement 39,900
Machinery purchased (subject to 2% cash discount, which was not taken) 115,500
Freight on machinery purchased 2,814
Storage charges on machinery, necessitated by noncompletion of
building when machinery was delivered 4,578
New building constructed (building construction took 6 months from
date of purchase of land and old building) 1,018,500
Assessment by city for drainage project 3,360
Hauling charges for delivery of machinery from storage to new building 1,302
Installation of machinery 4,200
Trees, shrubs, and other landscaping after completion of building
(permanent in nature) 11,340

Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation. Company uses net method to record discount. (Please leave spaces blank if there is no answer. Do not enter zeros in those spaces.)

Land

Buildings

Machinery and Equipment

Other

Abstract fees

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

Architects fees

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Cash paid for land and old building

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Removal of old building

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Interest on loans during construction

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Excavation before construction

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Machinery purchased

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Freight on machinery

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Storage charges caused by noncompletion of building

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

New building

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Assessment by city

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Hauling charges - machinery

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Installation - machinery

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Landscaping

enter a dollar amount

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