Cala Manufacturing purchases land for $417,000 as part of its plans to build a new plant. The company pays $38,900 to tear down an old building on the lot and $57,504 to fill and level the lot. It also pays construction costs of $1,762,100 for the new building and $111,229 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

Cala Manufacturing purchases land for $417.000 as part of its plans to build a new plant. The company pays $38,900 to tear down an old building on the lot and $57,504 to fill and level the lot. It also pays construction costs of $1,762,100 for the new bulliding and $111,229 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