Current Attempt in Progress

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

$\backslash$table$[[$Debit$],[1.,$Cost of filling and grading the land,$ $4,000],[2.,$Full payment to buiding contractor,$690,000],[3.,$Real estate taxes paid for the current year on land,$5,000],[4.,$Cost of real estate purchased as a plant site $($land $$100,000$ and building $$45,000),145,000],[5.,$Excavation costs for new building,$35,000],[6.,$Architect's fees on building plans,$10,000],[7.,$Accrued real estate taxes paid at time of purchase of land,$2,000],[8.,$Cost of parking lots and driveways,$14,000],[9.,$Cost of demolishing building to make land suitable for construction of new building,$25,000],[,,$$$930,000$