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Culver Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random

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Culver Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Debit 1 Cost of Ming and grading the land $3,000 2. Full payment to building contractor 664,500 Real estate taxes paid for the current year on land 5.500 4. Cost of real estate purchased as a plant site fland $108.000 and building $44,000) 152.000 5 Excavation costs for new building 35,500 A Arhitect's fees on building plans 13500 7 Accrued real estate taxes paid at time of purchase of land 1,500 8 Cost of parking lots and driveways 13.000 9 Cost of demolishing building to make land suitable for construction of new building 26,000 $934.500 Credit 10 Proceeds from salvage of demolished building $3.500 Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns of an amount reduces the account balance then enter with a negative sign preceding the number eg-15,000 or parenthesis ea (15.0001) Item 10 Land Buildings Other Accounts

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