Homework Saved Exercise 8-2 Recoraing costs or assets LUCT Cala Manufacturing purchases land for $387,000 as part of its plans to build a new plant. The company pays $37,600 to tear down an old building on the lot and $55,583 to fill and level the lot. It also pays construction costs $1,757,000 for the new building and $110,907 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 Debit Credit Record entry Clear entry View general Journal