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I need help with the solution and explanation Please and Thank you Connect Homework - Chapter 8 Saved Help Save & Exit Submit Exercise 8-2

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image text in transcribed I need help with the solution and explanation Please and Thank you
Connect Homework - Chapter 8 Saved Help Save & Exit Submit Exercise 8-2 Recording costs of assets LO C1 Cala Manufacturing purchases land for $359,000 as part of its plans to build a new plant. The company pays $29,700 to tear down an old building on the lot and $43,904 to fill and level the lot. It also pays construction costs $1,765,100 for the new building and $111,418 for lighting and paving a parking area. points Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash. eBook View transaction list Print References Journal entry worksheet Record the total costs of the plant assets. Note: Enter debits before credits Transaction General Journal Debit Credit Connect Homework - Chapter 8 0 Served Saved Help Save & Exit Submit View transaction list Journal entry worksheet points Record the total costs of the plant assets. eBook Print Note: Enter debits before credits References Transaction General Journal Debit Credit Record entry Clear entry View general journal

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