Debit 1. Excavation costs for new building $14,000 24,000 2. Architect's fees on building plans 3. Full payment to building contractor 631,000 4. Cost of real estate purchased as a plant site (land $246,000 and building $25,000) 271,000 5. Cost of parking lots and driveways 20,000 6. Accrued real estate taxes paid at time of purchase of land 2,270 5,900 7. Installation cost of fences around property 8. Cost of demolishing building to make land suitable for construction of new building 22,000 9. Real estate taxes paid for the current year on land 5,500 $995,670 10. Credit $11,100 Proceeds from salvage of demolished building Search Credit 10. Proceeds from salvage of demolished building $11,100 Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in Other Accounts column, also indicate the account title. (If an amount falls into either the Land or Buildings column, enter "Not Applicable the account title column. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Item 1. $ Land 2. 3. 4. 5. 6. +A Building Search S Other Accounts Amounts Account Title 4. 5. 6. 7. 8. 9. 10. SA $ eTextbook and Media Save for Later +A Attempts: 0 of 3 used Submit