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Oriole Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order.
Oriole Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. 1. 2. $13,745 37,880 687,800 4. 299,200 Debit Excavation costs for new building Architect's fees on building plans Full payment to building contractor Cost of real estate purchased as a plant site (land $265,200 and building $34,000) Cost of parking lots and driveways Accrued real estate taxes paid at time of purchase of real estate Installation cost of fences around property Cost of demolishing building to make land suitable for construction of new building Real estate taxes paid for the current year on land 37,440 3,430 7,150 7. 8. 30,700 9. 6,850 $1,124,195 Credit Proceeds from salvage of demolished building 10. $ 11,400 Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (If an amount fall into the Land and Buildings column then enter "Not Applicable" in the account title column. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Other Accounts
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