Cost of filling and grading the land

$$3,500$

Full payment to building contractor

$681,500$

Real estate taxes paid for the current year on land

$5,000$

Cost of real estate purchased as a plant site $($land $$102,500$ and building $$41,000)$

$143,500$

Excavation costs for new Avilding

$40,000$

Architect's fees on building plans

$12,000$

Accrued real estate taxes paid at time of purchase of land

$1,000$

Cost of parking lots and driveways

$14,500$

Cost of demolishing building to make land suitable for construction of new building

$\frac{24,500}{\text{\$}925,500}$

Credit

Proceeds from salvage of demolished building

$$4,000$

Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. $($If an reduces the account balance then enter with a negative sign preceding the number, e$.$g$.-15,000$ or parenthesis, e$.$g$.(15,000).)$

Item

Land

Buildings

Other Accounts

$

$ $

$

$