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Jumping It Company made the following expenditures in connection with the construction of its new trampoline facility: Architect's fees 15,000 Cash paid for land and

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Jumping It Company made the following expenditures in connection with the construction of its new trampoline facility: Architect's fees 15,000 Cash paid for land and old building 140,000 Removal of old building 22.000 Money received from salvage of demolished building -9.000 Legal fees for title search 1200 Excavation for construction of basement 2,900 Machinery purchased 81,000 Storage charges on machinery because building was not 1000 ready when machinery was delivered Freight on machinery purchased 1.800 Hauling charges to deliver machinery from storage to new 1400 building Construction costs of new building 675,000 Landscaping 7.400 Installation of machinery 8,200 Prepare a schedule showing the amounts to be recorded as Land, Building, and Machinery and Equipment and Expenses. Treat all of the items as being recorded in a single journal entry and paid for by cash. Use the Capital Asset working paper to show your calculations and present the journal entry

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