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Check my work Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new
Check my work Cala 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 $264,000 for the lot plus $159,000 for the old building. The company pays $26,300 to tear down the old building and $38,878 to fill and level the lot. It also pays a total of $1,688,665 in construction coststhis amount consists of $1,588,400 for the new building and $100,265 for lighting and paving a parking area next to the building. 0.75 points Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash. eBook View transaction list Hint Journal entry worksheet Print Record the total costs of the plant assets. References Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry clear entry View generaliournal
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