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Mawn Company bought land and built a warehouse during 2019. It improperly debited the following related costs to an account titled Land and Buildings: Land

Mawn Company bought land and built a warehouse during 2019. It improperly debited the following related costs to an account titled Land and Buildings:

Land purchase $22,000

Demolition of old building 3,000

Legal fees for land acquisition 1,500

Avoidable interest on loan for construction 2,900

Building construction 53,000

Assessment by city for sewer connectioncity is responsible for maintenance 1,200

Landscaping (expected to be permanent in nature) 3,500

Equipment purchased for excavation 18,800

Pro rata portion of fixed overhead incurred during construction of building 15,000

Insurance on building during construction 1,000

Profit on construction 12,000

Compensation for injury to construction worker (not covered by the insurance policy purchased by Mawn) 3,000

Modifications to building ordered by building inspectors (due to poor planning by Mawn) 7,500

Delinquent property taxes on land paid in 2019 (land was purchased during the year) 2,500

Required: Prepare the correcting entries on December 31, 2019, to properly reclassify the preceding items.

Please make sure to include the dates and not that this question was answered but I believe that some numbers were incorrect and it was not answered properly nor effectively

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