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Ex 6 - Enter the effect of each transaction on the accounts below: 11/15/X1 - Paid $900000 to buy land worth $540000 & building worth

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Ex 6 - Enter the effect of each transaction on the accounts below: 11/15/X1 - Paid $900000 to buy land worth $540000 \& building worth $360000. (rou plan to aemolisn tne builang.) 12/1/X1 - Paid $180000 to tear down the old building. 12/15/X1 - Received $45000 back for materials salvaged from the old building. 12/31/X1 - Paid $45000 to fill and grade the lot. Another $90000 was paid to lay sod and plant trees. 1/5/2 - Paid $90000 to build a retaining wall, pave a parking lot, and put in sprinklers. 3/15/2 - Paid $135000 to dig the trench for the foundation, \& 1800000 to construct the new building. 6/1/2 - Paid $81000 in interest for the period the building was under construction

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