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Current Attemp Wildhorse Co. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded
Current Attemp Wildhorse Co. 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. Excavation costs for new building 2. Architect's fees on building plans 3. Full payment to building contractor 4. Cost of real estate purchased as a plant site. The property includes a building which will be demolished to prepare the propert 5. Cost of parking lots and driveways 9 6. Accrued real estate taxes paid at time of purchase of land Installation cost of fences around property 7. 8. Cost of demolishing building to make land suitable for construction of new building 9. Real estate taxes paid for the current year on land 10. Proceeds from salvage of demolished building Credit Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (If an amount falls into either the Lond or Buildings column, enter "Not Applicable" in the account title column. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) Item 1. 2. 3. 4. 5. $ Land Other Accounts Building Amounts Account Title $ su Item Land 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. $ $ $ I Building Amounts Account Title $ > Wildhorse Co. 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. Excavation costs for new building 2. Architect's fees on building plans 3. Full payment to building contractor 4. 5. 6. 7. Cost of real estate purchased as a plant site. The property includes a building which will be demolished to prepare the propert Cost of parking lots and driveways Accrued real estate taxes paid at time of purchase of land Installation cost of fences around property 8. Cost of demolishing building to make land suitable for construction of new building 9. Real estate taxes paid for the current year on land Wildhorse Co. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Debit $24,000 34,000 xr 641,000 plant site. The property includes a building which will be demolished to prepare the property for building a new plant. 281,000 3 30,000 ime of purchase of land 3,270 property 6,900 ake land suitable for construction of new building 32,000 ent year on land 6,500 $1,058,670 Proceeds from salvage of demolished building Credit Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (If an amount falls into either the Land or Buildings column, enter "Not Applicable" in the account title column. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) Item 1. $ 2. 3. 4. Land Building Other Accounts Amounts Account Title Land Improvements Credit $12,100 transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the unts column, also indicate the account title. (If an amount falls into either the Land or Buildings column, enter "Not Applicable" in title column. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) Land Building Other Accounts Amounts Account Title Land Improvements Item 1. 2 3. 4. 5. 6. 7. 8. 9. 10. $ Land $ Building Amounts $ Account Title Land Improvements
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