Excavation before construction for basement\ 29,450\ Machinery purchased (subject to

2%

cash discount, which was not taken)\ 85,250\ Freight on machinery purchased\ 2,077\ Storage charges on machinery, necessitated by noncompletion of\ building when machinery was delivered\ 3,379\ New building constructed (building construction took 6 months from\ date of purchase of land and old building)\ 751,750\ Assessment by city for drainage project\ 2,480\ Hauling charges for delivery of machinery from storage to new building\ 961\ Installation of machinery\ 3,100\ Trees, shrubs, and other landscaping after completion of building\ (permanent in nature)\ 8,370\ Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation. Indicate how any costs not debited to these accounts should be recorded. (Please leave spaces blank if there is no answer. Do not enter zeros in those spaces.)

Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation. Indicate how any costs not debited to these accounts should be recorded. (Please leave spaces blank if there is no answer. Do not enter zeros in those spaces.)