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Need Help Please!!! Cala Manufacturing purchases land for $353,000 as part of its plans to build a new plant. The company pays $35,600 to tear
Need Help Please!!!
Cala Manufacturing purchases land for $353,000 as part of its plans to build a new plant. The company pays $35,600 to tear down an old bullding on the lot and $52,626 to fill and level the lot. It also pays construction costs of $1,796,800 for the new building and $113,419 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash. View transaction list Journal entry worksheet Step by Step Solution
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