On November $1,2021,$ Sweetwater Inc accepted a three$-$month. $7\%.$ $$64\mathrm{.}800$ note from Laramie Inc in settlement of its account. Interest is due on the first day of each month, starting December $1.$ Both companies' year ends are December $31$

$($a$)$

Prepare all journal entries for Sweetwater over the term of the note. Assume that the note is collected in full on the maturity date $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry Is required, select $\text{'}$No Entry' for the account titles and enter O for the amounts.$)$

Current Attempt in Progress

The following expenditures relating to property. plant, and equipment were made by Bachinski Ltd$.$:

$($b$)$

Beside each transaction write the account title that the expenditure should be debited to$.$

Paid $$1\mathrm{.}2$ million for a plant site.

Paid $$8,000$ of legal fees on the purchase of the plant site.

Paid $$39,000$ to demolish an old building on the plant site, residual materials were sold for $$7,000.$

Paid $$55,000$ for paving the parking lot on the plant site

Paid $$57,600$ in architect fees for the design of the new plant.

Promised to pay $$150,000$ in restoration costs for the land when the company is finished using the plant site.

Paid $$80,000$ for a new dellivery truck

Paid $$3,000$ to have the company name and advertising slogan painted on the newtruck

Paid a $$400$ motor vehicle licence fee on the new truck

Paid $$2,800$ for a one$-$year insurance policy on the new truck

Current Attempt in Progress

These expenditures were incurred by Sunland Ltd$.$ in purchasing land: cash price $$453,000$; legal fees $$7,960$; removal of old building $$25\mathrm{.}490$ : cost of clearing and grading $$7\mathrm{.}110$ : installation of fence $$2\mathrm{.}910.$ What is the cost of the land?

Cost of the land $

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