Cala Manufacturing purchases land for $337,000 as part of its plans to build a new plant. The company pays $25,300 to tear down an

old building on the lot and $37,400 to fill and level the lot. It also pays construction costs $1,531,700 for the new building and $96,685

for lighting and paving a parking area.

Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.

1 Cala Manufacturing purchases land for $337,000 as part of its plans to build a new plant. The company pays $25,300 to tear down an old building on the lot and $37,400 to fill and level the lot. It also pays construction costs $1,531700 for the new building and $96,685 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash. 10 points View transaction list Journal entry worksheet > Record the total costs of the plant assets. Not Entert before crede Transaction General Journal Debit Credit Record entry Clear entry View general Journal