Need help with example 239

Examp.239 need help

dethos 403 Ex. 239 Garrison Company was organized on January 1. During the first year of operations, the tollowing expendibures and receipts were recorded in random order in the account, Land 1. Cost of real estate purchased as a plant site oland and building) ud real estate taxes paid at the time of the purchase of the real estate. 3 Cost of demolishing building to make land suitabie for construction of a new s 250,000 15,000 14,000 24,000 5,000 6,000 7,000 4. Architects fees on building plans 5. Excavation costs for new building 6. Cost of filling and grading the land 7. Insurance and taxes during construction of building 8 Cost of repairs to building under construction caused by a small fire 9. Interest paid during the year, of which $54,000 pertains to the construction 64,000 780,000 46,000 10. Full payment to building contractor 11. Cost of parking lots and driveways. 12. Real estate taxes paid for the ourrent year on the land. Total Debits Credits $3,000 13. Insurance proceeds for fire damage 14. Proceeds from salvage of demolished building Total Credits Analyze the foregoing transactions using the following tabular arrangement Insert the number of each transaction in the Item space and insert the amounts in the appropriate columns. Other lherm Land rotAL i3 Ex. 239 Garrison Company was organized on January 1. During the first year of operations, the following expenditures and receipts were recorded in random order in the account, Land u4 Debas 1. Cost of real estate purchased as a plant site (land and building) 2 Accrued real estate taxes paid at the time of the purchase of the real estate 3. Cost of demolishing building to make land suitable for construction of a new $ 250,000 4,000 15,000 14,000 24,000 5,000 6,000 7,000 4. Architects fees on building plans. 5. Excavation costs for new building. 6. Cost of filling and grading the land. 7. Insurance and taxes during construction of building 8 Cost of repairs to building under construction caused by a small fire. 9. Interest paid during the year, of which $54,000 pertains to the construction 64,000 780,000 10. Full payment to building contractor 11. Cost of parking lots and driveways 12. Real estate taxes paid for the current year on the land 46,000 4.000 Total Debits $3,000 13. Insurance proceeds for fire damage. 14. Proceeds from salvage of demolished building Total Credits Analyze the foregoing transactions using the following tabular arrangement. Insert the number of each transaction in the Item space and insert the amounts in the appropriate columns. Other tem Land ro ta 13 14