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I need the answers that are on red be ports Cala Marufact turing purchases a large lot on which an old buiding is loc ated
I need the answers that are on red
be ports Cala Marufact turing purchases a large lot on which an old buiding is loc ated as part of its plans to buld a na purthses alarge lot on wct on eld bur Cala Manufacturing purchases a large lot on which new plant. The negotiated purchase price is $215,000 for the lot plus 3110,000 for the old buldng. The company pays $31,300 to tear down the old bulding and $46,270 to fill and level the lot. it also psys a total of $1,466,366 in construction costs-this amount consists for lighting and paving a parking area next to the buildng of $1,379 300 for the new Prepare a singis journal entry to record these costs incurred by Cala, al of which are paid in cash Goneral Journal Land Buldng Land improvements 325.000x 77,5TOX 1.466,356x Cash 1,868,936Step by Step Solution
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