House Builders of Canada decided to expand its facilities and upgrade some of its log preparation equipment. The following events occurred during the year: 100 2200 20 Anne Description of Expenditure Purchased land adjacent to the company's existing property, to be used for the expansion. Paid legal fees and deed registration fees. Paid its workers to clear the land on their days off. Purchased equipment, which was delivered but not yet paid for. Purchased building permit for construction of the addition. Constructed temporary fencing as required by the building permit to enclose the construction site. Upon completion of the addition to the building, the fencing was to be removed. Started construction of a new addition to the main building, which is estimated to cost $364,000. Received bill for delivery of the equipment that was received on January 15. Paid the amounts owing on the equipment and its delivery. Paid architect's fees for designing the building addition and supervising its construction. Paid full amount to the construction company upon completion of the building. Paid cost to remove temporary fencing. Paid work crews to install the equipment Paid for party to celebrate the successful completion of the expansion Paid for set-up and adjustment of the new equipment so it would be ready to use. Paid for an ad in the local paper to advertise that the company was hiring. 40.000 2.500 24 (a) Determine the costs that should be capitalized as assets by Home Builders of Canada in its land, buildings, and equipment accounts. Building SEnter a dotar amount Equipment SEnter a dollar amount Enter a dollar amount. Enter a dollar amount Date Cost capitalized as assets Land Jen Select an option. SEnter a dollar amount 2 Jan Select an option. Enter a dollar amount 6 Jan Select an option Enter a dollar amount 11 Jan Select an option Enter a dollar amount a 15 Jan Select an option Enter a dollar amount 17 Jan Select an option Enter a dollar amount 20 Jan Select an option Enter a dollar amount 22 Jan Select an option Enter a dollar amount 25 Feb Select an option Enter a dollar amount 1 Feb. Select an option Enter a doll amount 28 May Select an option Enter a dollar amount 9 May Select an option Enter a dollar amount 11 May Select an option Enter a dollar amount Enter a dollar amount Enter a dolar amount Enter a dollar amount. Enter a dotar amount Enter a dollar amount Enter a dollar amount Enter a dollar amount Entor a dollar amount Enter a dollar amount Enter a dollar amount. Enter a dollar amount Enter a dollar amount. Enter a dollar amount. Enter a dollar amount Enter a dollar amount Enter a dollar amount Enter a dollar amount Enter a dollar amount Enter a donar amount Enter a dollar amount Enter a dollar amount Enter a dollar amount Enter a dolor nout her a dollar amount Select an option Enter a dollar amount May 24 June 7 Select an option House Builders of Canada decided to expand its facilities and upgrade some of its log preparation equipment. The following events occurred during the year: 100 2200 20 Anne Description of Expenditure Purchased land adjacent to the company's existing property, to be used for the expansion. Paid legal fees and deed registration fees. Paid its workers to clear the land on their days off. Purchased equipment, which was delivered but not yet paid for. Purchased building permit for construction of the addition. Constructed temporary fencing as required by the building permit to enclose the construction site. Upon completion of the addition to the building, the fencing was to be removed. Started construction of a new addition to the main building, which is estimated to cost $364,000. Received bill for delivery of the equipment that was received on January 15. Paid the amounts owing on the equipment and its delivery. Paid architect's fees for designing the building addition and supervising its construction. Paid full amount to the construction company upon completion of the building. Paid cost to remove temporary fencing. Paid work crews to install the equipment Paid for party to celebrate the successful completion of the expansion Paid for set-up and adjustment of the new equipment so it would be ready to use. Paid for an ad in the local paper to advertise that the company was hiring. 40.000 2.500 24 (a) Determine the costs that should be capitalized as assets by Home Builders of Canada in its land, buildings, and equipment accounts. Building SEnter a dotar amount Equipment SEnter a dollar amount Enter a dollar amount. Enter a dollar amount Date Cost capitalized as assets Land Jen Select an option. SEnter a dollar amount 2 Jan Select an option. Enter a dollar amount 6 Jan Select an option Enter a dollar amount 11 Jan Select an option Enter a dollar amount a 15 Jan Select an option Enter a dollar amount 17 Jan Select an option Enter a dollar amount 20 Jan Select an option Enter a dollar amount 22 Jan Select an option Enter a dollar amount 25 Feb Select an option Enter a dollar amount 1 Feb. Select an option Enter a doll amount 28 May Select an option Enter a dollar amount 9 May Select an option Enter a dollar amount 11 May Select an option Enter a dollar amount Enter a dollar amount Enter a dolar amount Enter a dollar amount. Enter a dotar amount Enter a dollar amount Enter a dollar amount Enter a dollar amount Entor a dollar amount Enter a dollar amount Enter a dollar amount. Enter a dollar amount Enter a dollar amount. Enter a dollar amount. Enter a dollar amount Enter a dollar amount Enter a dollar amount Enter a dollar amount Enter a dollar amount Enter a donar amount Enter a dollar amount Enter a dollar amount Enter a dollar amount Enter a dolor nout her a dollar amount Select an option Enter a dollar amount May 24 June 7 Select an option