Pharoah 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. 3. 4. 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 Cost of parking lots and driveways Accrued real estate taxes paid at time of purchase of land 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 5. $24,000 36,000 692,000 275,000 30,000 3,300 6,200 32,000 5,900 $1,104,400 6. 7. 8. 9. Credit Proceeds from salvage of demolished building 10. $11,000 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 reduces the account balance then enter with a negative sign preceding the number, e.g. -15,000 or parenthesis, e.g. (15,000).) +9.a naaa- annea Item Land Buildings Other Accounts 1. $ $ 24000 $ 2. 36000 3. 692000 4. 5. 6. 7. 8. 9. 10