Presented below is information related to Bridgeport Company. 1. On July 6, Bridgeport Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is:

Land		$400,000
Buildings		1,200,000
Equipment		800,000
Total		$2,400,000

Bridgeport Company gave 12,200 shares of its $100 par value common stock in exchange. The stock had a market price of $168 per share on the date of the purchase of the property. 2. Bridgeport Company expended the following amounts in cash between July 6 and December 15, the date when it first occupied the building. (Prepare consolidated entry for all transactions below.)

Repairs to building		$294,000
Construction of bases for equipment to be installed later		378,000
Driveways and parking lots		341,600
Remodeling of office space in building, including new partitions and walls		450,800
Special assessment by city on land		50,400

3. On December 20, the company paid cash for equipment, $728,000, subject to a 2% cash discount, and freight on equipment of $29,400. Prepare entries on the books of Bridgeport Company for these transactions. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.	Account Titles and Explanation	Debit	Credit
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