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please solve the equations P9-1A Diaz Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts
please solve the equations
P9-1A Diaz 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. Cost of filling and grading the land 6,000 2. Full payment to building contractor 780,000 3. Real estate taxes on land paid for the current year 5,000 4. Cost of real estate purchased as a plant site (land 100,000 and building 45,000) 145,000 5. Excavation costs for new building 35,000 6. Architect's fees on building plans 10,000 7. Accrued real estate taxes paid at time of purchase of real estate 2,000 8. Cost of parking lots and driveways 14,000 9. Cost of demolishing building to make land suitable for construction of new building 15,000 1,012.000 Credit 10. Proceeds from salvage of demolished building 3,600 Instructions Analyze the foregoing transactions using the following column headings, Insert the number of cach transaction in the Item column, and insert the amounts in the appropriate columns. For amounts entered in the Other Accounts column, also indicate the account titles. Item Land Buildings Other AccountsStep by Step Solution
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