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On March 1, 2017, Westmorlan Company acquired real estate on which it planned to construct a small office building. The company paid $75,000 in cash.
On March 1, 2017, Westmorlan Company acquired real estate on which it planned to construct a small office building. The company paid $75,000 in cash. An old warehouse on the property was razed at a cost of $8, 600 the salvaged materials were sold for $1, 700. Additional expenditures before construction began included $1, 100 attorney's fee for work concerning the land purchase, $5,000 real estate broker's fee, $7, 800 architect's fee, and $14,000 to put in driveways and a parking lot. For each cost not used in calculating cost of the land, indicate the account to be debited
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