Ex 6 - Enter the effect of each transaction on the accounts below: 11/15/X1 - Paid $700000 to buy land worth $420000 & building worth $280000. (You plan to demolish the building.) 12/1/X1 - Paid $140000 to tear down the old building. 12/15/X1 - Received $35000 back for materials salvaged from the old building. 12/31/X1 - Paid $35000 to fill and grade the lot. Another $70000 was paid to lay sod and plant trees. 1/5/X2 Paid $70000 to build a retaining wall, pave a parking lot, and put in sprinklers. 3/15/X2 - Paid $105000 to dig the trench for the foundation, & 1400000 to construct the new building. 6/1/X2 Paid $63000 in interest for the period the building was under construction. Date Land Land Improvements Building Other 11/15/20X1 $280,000 12/1/20X1 12/15/20X1 12/31/20X1 1/5/20X2 X 3/15/20X2 6/1/20X2 Totals X X X X x x X X X 5 6 7-9 10 111 12 13