P10-1A

P10- 1A Venable Company was organized on January 1. During the first ye tions, the following plant asset expenditures and receipts were recorded in the first year of opera SET A Debit $ 4,000 1. Cost of filling and grading the land 2. Full payment to building contractor 3. Real estate taxes on land paid for the current year 4. Cost of real estate purchased as a plant site (land $100,000 and 690,000 5,000 building $45,000) 5. Excavation costs for new buildirn 6. Architect's fees on building plans 7. Accrued real estate taxes paid at time of purchase of real estate 8. Cost of parking lots and driveways 9. Cost of demolishing 145,000 35,000 10,000 2,000 14,000 building to make land suitable for construction 25,000 $930,000 of new building Credit $ 3,500 10. Proceeds from salvage of demolished building Instructions Analyze the foregoing transactions using the following column headings. Insert th number of each transaction in the Item space, and insert the amou columns. For amounts entered in the Other Accounts column, also indicate the titles. nts in the appropriate account Item Land Buildings Other Accounts