On July 1, 2018, Dryor & Jekel, Inc. purchased land and incurred other costs relative to the construction of a new warehouse. A summary of economic activities is listed below: Purchase price 185,000 Title Insurance 1,500 Legal fees to purchase land 1,000 Cost of razing old building on lot 8,500 Proceeds of sale of salvageable materials (1,200) Property taxes January 1, 2018 - June 30, 2018 3,000 Cost of grading and filling building site 9,000 Cost of building construction 620,000 Interest on construction loan 12,000 Cost of constructing new driveway 8,000 Cost of parking lot and fencing 12,000 Required: List the assets affected by the above transactions and give the resulting balance of each asset account.

Use the Excel file template provided.