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Blue Landscaping began construction of a new plant on December 1.2025. On this date, the company purchased a partel of tand for 5363900 in cash.
Blue Landscaping began construction of a new plant on December 1.2025. On this date, the company purchased a partel of tand for 5363900 in cash. In addition, it paid $5,200 in wurveving costs and $10,400 for a titie insurarice policy. Anold dweling on the premlses was demolished at a cost of $7,800, with $2,600 beingrecelved from the sale of moterlak. Architectural plans were also formalized on December 1.2025. When the architect was pald $78.000. The necessary building permits costing $7,800 were obtained from the city and paid for on December 1 as weil The excavation work began durine the feret week in December with paryments made to the contractor in 2026 as follows. The bullding was completed on July 1, 2026. To finance construction of this plant, Blue borrowed $1,560,000 from the bank on December 1,2025. Biue had no other borrowings. The $1,560,000 was a 10-year loan bearing interest at 10%. Compute the bolance in each of the following accounts at December 31, 2025, and December 31, 2026
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