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Monty Corp. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random

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Monty Corp. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order Debit 1 Excavation costs for new building $22,000 2 Architect's fees on building plans 34,000 3. Full payment to building contractor 659,000 4 Cost of real estate purchased as a plant site 294,000 5. Cost of parking lots and driveways 29,000 6. Accrued real estate taxes paid at time of purchase of land 2,860 7. Installation cost of fences around property 6,200 8. Cost of demolishing building to make land suitable for construction of new building 31.000 9. Real estate taxes paid for the current year on land 6,900 $1,084,960 Credit 10. Proceeds from salvage of demolished building $13,000 Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indi

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