Cullumber Company was organized on January $1.$ During the first year of operatioms, the following expenditures and receipts were recorded in random order.

Debits

Cost of real estate purchased as a plant site $($land and building$)$

$$142,000$

Accrued real estate taxes paid at the time of the purchase of the real estate

$4,800$

Cost of demolishing building to make land suitable for construction of a new building $10,300$

Architect's fees on building plans

$14,300$

Excavation costs for new building

$38,000$

Cost of filling and grading the land

$5,300$

Insurance and taxes during construction of building

Cost of repairs caused by a small fire shortly after completion of building

Interest paid during the year, of which $$49,500$ pertains to the construction period

$6,300$

Full payment to building contractor

Cost of parking lots and driveways

Real estate taxes paid for the current year on the land

Total Debits

Credits

$13.$ Proceeds from salvage of demolished building

Analyze the foregoing transactions using the following tabular areangement. Insert the amounts in the aplropraite coulmns and select appropriate account title for transacatioms falling under the other column