Current Attempt in Progress Pharoah Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. 1 2. 3. 4. 5. 6. 7. 8. 9. Debit Excavation costs for new building Architect's fees on building plans Full payment to building contractor 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 Cost of demolishing building to make land suitable for construction of new building Real estate taxes paid for the current year on land Proceeds from salvage of demolished building Credit

Debit $18,00028,000635,000 plant site. The property includes a building which will be demolished to prepare the property for building a new plant. 275.000 24,000 ime of purchase of land 2.670 property 6,300 ake land suitable for construction of new building 26.000 ent year on land 5,900$1,020,870 3ke land suitable for construction of new building 26,000 ent year on land $1,020,870 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 occount title column. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses es (45) Pharoah 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. 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 6. Accrued real estate taxes paid at time of purchase of land 7. 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