in 2021, Wildhorse Company had the following transactions related to the purchase of a property. All transactions were for cash unless otherwise stated. Jan. 12 a 16 31 Feb. 13 28 Mar. 14 Purchased real estate for a future plant site for $421.000, paying $101.000 cash and signing a note payable for the balar Paid $9,100 for legal fees on the real estate purchase. Paid $72,500 to demolish the old building to make room for the new plant. Received $10,100 for residual materials from the demolished building Graded and filled the land in preparation for the construction for $9,100. Paid $39.250 in architect fees for the building plans. Paid the local municipality $16,100 for building permits, Paid excavation costs for the new building of $18,100. The construction of the building was completed. The full cost was $749,000. Paid $146,000 cash and signed a mortege Purchased a one-year insurance policy for the building. $5.100. Paved the parking lots, driveways, and sidewalks for $54,000, 31 Apr. 22 Sept. 26 Sept. 30 Oct. 20 Nov. 15 Installed a fence for $12, 100, Date Account Titles and Explanation Debit Credit (To record purchase of land in exchange for cash and a note payable) (Paldlegal fees on purchase of land) (Paid to demolish building on land) (Paid legal fees on purchase of land) (Paid to demolish building on land) (Received cash from material from demolished building on land) (Paid to grade and fill land) (Paid architect fees for building.) Frauen (Pald architect fees for building) (Paid for building permit for building) (Paid excavation costs for building.) (Paid for construction of building) (Paid for construction of building) (Paid for insurance in advance.) (Paid for paving of parking lots, driveways and sidewalks.) (Paid for fence on property.)