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Nash Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment. Abstract company's fee for

Nash Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment.

Abstract company's fee for title search $988

Architect's fees 6,023

Cash paid for land and dilapidated building thereon 165,300

Removal of old building $38,000

Less: Salvage 10,450 27,550

Interest on short-term loans during construction 14,060

Excavation before construction for basement 36,100

Machinery purchased (subject to 2% cash discount, which was not taken) 104,500

Freight on machinery purchased 2,546

Storage charges on machinery, necessitated by noncompletion of

building when machinery was delivered 4,142

New building constructed (building construction took 6 months from

date of purchase of land and old building) 921,500

Assessment by city for drainage project 3,040

Hauling charges for delivery of machinery from storage to new building 1,178

Installation of machinery 3,800

Trees, shrubs, and other landscaping after completion of building

(permanent in nature) 10,260

Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation. Company uses net method to record discount. (Please leave spaces blank if there is no answer. Do not enter zeros in those spaces.)

Land Buildings Machinery and Equipment Other

Abstract fees $enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount

Architect's fees enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Cash paid for land and old building enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Removal of old building enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Interest on loans during construction enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Excavation before construction enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Machinery purchased enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Freight on machinery enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Storage charges caused by noncompletion of building enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

New building enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Assessment by city enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Hauling charges - machinery enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Installation - machinery enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Landscaping enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount $ enter a total amount $enter a total amount $enter a total amount $enter a total amount

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