Date

Amount

Description of Expenditure

Jan. $2$$$71,600$ Purchased land adjacent to the company's existing property, to be used for the expansion.

$61,300,$ Paid legal fees and deed registration fees.

$114,200$ Paid its workers to clear the land on their days off.

$15118,000$ Purchased equipment, which was delivered but not yet paid for.

$171,000$ Purchased building permit for construction of the addition.

$202,500$ Constructed temporary fencing as required by the building permit to enclose the construction site. Upon completion of the addition to the building, the fencing was to be removed.

$22367,000$ Started construction of a new addition to the main building, which is estimated to cost $$367,000.$

$253,400$ Received bill.for delivery of the equipment that was received on January $15.$

Feb. $1$

Paid the amounts owing on the equipment and its delivery.

$28$ P$,900$ Paid architect's fees for designing the building addition and supervising its construction.

May $9413,000$ Paid full amount to the construction company upon completion of the building.

$11$

$700$

Paid cost to remove temporary fencing.

$\frac{-}{1}$

$142,500$ Paid work crews to install the equipment.

$24$ Paid for party to celebrate the successful completion of the expansion.

June $7800$ Paid for set$-$up and adjustment of the new equipment so it would be ready to use.

$10800$ Paid for an ad in the local paper to advertise that the company was hiring.

$($a$)$

Determine the costs that should be capitalized as assets by Sheffield Builders of Canada in its land, buildings, and equipment accounts.

Date Cost capitalized as assets

Jan. $2$

Jan. $6$

Jan. $11$

Jan. $15$

Jan. $17$