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Carla Vista Co. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipt were recorded in random
Carla Vista Co. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipt were recorded in random order. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Expenditures Excavation costs for new building Architect's fees on building plans Full payment to building contractor Cost of real estate purchased as a plant site (land $256.000 and building $25,800) Cost of parking lots and driveways Accrued real estate taxes paid at time of purchase of real estate Installation cost of fences around property Cost of demolishing building to make land suitable for construction of new building Real estate taxes paid for the current year on land Receipts Proceeds from salvage of demolished building $13,280 37,130 653,200 281,800 34,020 2,520 7,680 33,200 7,190 $1.070.020 $ 12,400 Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (Enter negative amounts using either a negative sign preceding the number e.g. -45
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