nalize the CHCS ICLO C ICLO trade-in and (b) the transaction on October 1. ns: Series A PR 10-1A Allocating payments and receipts to fixed asset accounts OBJ. 1 The following payments and receipts are related to land, land improvements, and buildings acquired for use in a wholesale ceramic business. The receipts are identified by an asterisk, a. Fee paid to attorney for title search ...... b. Cost of real estate acquired as a plant site: Land........... Building (to be demolished)........... Delinquent real estate taxes on property, assumed by purchaser. d. Cost of tearing down and removing building acquired in (b)... e. Proceeds from sale of salvage materials from old building ............. f. Special assessment paid to city for extension of water main to the property... 9. Architect's and engineer's fees for plans and supervision .... h. Premium on one-year insurance policy during construction....... 1. Cost of filling and grading land .......... j. Money borrowed to pay building contractor..... k. Cost of repairing windstorm damage during construction 1. Cost of paving parking lot to be used by customers. m. Cost of trees and shrubbery planted ........ n. Cost of floodlights installed on parking lot.......... O. Cost of repairing vandalism damage during construction...... .. p. Proceeds from insurance company for windstorm and vandalism damage .. 4. Payment to building contractor for new building........... r. Interest incurred on building loan during construction ..... S. Refund of premium on insurance policy (h) canceled after 11 months .. $ 2,500 285,000 55,000 15,500 5,000 4,000 29,000 60,000 6,000 12,000 900,000" 5,500 32,000 11,000 2,000 2,500 7,500 800,000 34,500 500" (Continued) 52.457 PE 9-5A Note receivable OBJ. 6 Lundquist Company received a 60-day, 9% note for $28.000, dated July 23, from a com on account. a. Determine the due date of the note. Sept 21 b. Determine the maturity value of the note. 28,420 10 47 20 Sa c. Journalize the entry to record the receipt of the payment of the note at maturity. Mon 31= 39 sept.2