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Cerner Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated
Cerner Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $208,000 for the lot plus $103,000 for the old building. The company pays $34,200 to tear down the old building and $50,556 to fill and level the lot. It also pays a total of $1.737.037 in construction costs --this amount consists of $1,633,900 for the new building and $103,137 for lighting and paving a parking area next to the building. Prepare a single journal entry to record these costs incurred by Cerner, all of which are paid in cash. (Omit the "$" sign in your response.) General Journal Debit Credit (Click to select) (Click to select) 8 (Click to select) (Click to select)
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