Din 2020, Chun Inc. Paid 191.000 For Land And Battre Entor, Ontario Consinition They Of The Charged Chic 51,100 Pm When He Pod Chopok Archite's Fees The Construction Of 710,000 Was Thanced By A Long-Tom Nepali Sonlanary 1, 2020, With Westcout Of 530,150 Dec 12120 Things Come Per Chunine Will Depreciate The Building To The Right In Method Over 25 Years, With

 

During 2020, Chun Inc. paid $191.000 for land and built a restaurant in Aenprior, Ontario. Prior to constriction, the city of Aprior charged Chun inc. $1,000 for a budding pomit, which Chun Inc. paid. Chun also paid 515 300 f architect's fees. The construction cost of $710,000 was financed by a long tom note payable issued on January 1, 2020, with interest cost of $30, 180 paid at December 31, 2020 The building was completed September 30, 2020 Chun Inc. will depreciate the building by the straight line method over 25 years, with an estimated residual value of $75,000 Requirements Requirement 1, Jounale transactions for the following (Recond debits first, then credits. Explanations are not required. Hold all decimals in interim calculations. Round your final answer to the nearest whole dollar) a. Purchase of the land Date: Journal Entry Accounts Debit Credit b. All the costs chargeable to the building in a single entry Date Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Date Windows