Peete Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order.

	Debit
1.	Excavation costs for new building	$23,000
2.	Architect's fees on building plans	33,000
3.	Full payment to building contractor	640,000
4.	Cost of real estate purchased as a plant site (land $255,000 and building $25,000)	280,000
5.	Cost of parking lots and driveways	29,000
6.	Accrued real estate taxes paid at time of purchase of real estate	3,170
7.	Installation cost of fences around property	6,800
8.	Cost of demolishing building to make land suitable for construction of new building	31,000
9.	Real estate taxes paid for the current year on land	6,400
		$1,052,370
	Credit
10.	Proceeds from salvage of demolished building	$12,000

Instructions

Analyze the transactions using the following table column headings. Enter the number of each transaction in the Item column, and enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title.

Item	Land	Buildings	Other Accounts

Land

$302,170