Exercise 8-2 Recording costs of assets LO C1 Cala Manufacturing purchases land for $461,000 as part of its plans to build a new plant. The company pays $41,400 to tear down an old building on the lot and $61,200 to fill and level the lot. It also pays construction costs $1,300,000 for the new building and $82,060 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash. View transaction list Journal entry worksheet Record the total costs of the plant assets. Note: Enter debits before credits. Transaction General Journal Gen Debit Credit Record entry Clear entry View general journal