Cala Manufacturing purchases land for $359,000 as part of its plans to build a new plant. The company pays $30,500 to tear down an

old building on the lot and $45,087 to fill and level the lot. It also pays construction costs $1,204,500 for the new building and

$76,032 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.

Cala Manufacturing purchases land for $359,000 as part of its plans to build a new plant. The company pays $30,500 to tear down an old building on the lot and $45,087 to fill and level the lot. It also pays construction costs $1,204,500 for the new building and $76,032 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. View transaction list Journal entry worksheet A Record the total costs of the plant assets. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal