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ces After planning to build a new plant, Kallisto Backpack Manufacturing purchased a large lot on which a small building was located. The negotiated

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ces After planning to build a new plant, Kallisto Backpack Manufacturing purchased a large lot on which a small building was located. The negotiated purchase price for this real estate was $2,200,000 for the lot plus $680,000 for the building. The company paid $95,000 to have the old building torn down and $125,000 for levelling the lot. Finally, it paid $3,880,000 in construction costs, which included the cost of a new building plus $235,000 for lighting and paving a parking lot next to the building. Present a single journal entry to record the costs incurred by Kallisto, all of which were paid in cash (assume a date of March 10, 2020, for your entry). View transaction list Journal entry worksheet < 1 Record the costs of plant assets. Note: Enter debits before credits. Date March 10, 2020 General Journal Debit Credit

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