Problem 9-1A Venable 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 Cost of filing and grading the land $ 3,000 Full payment to building contractor 698,500 Real estate taxes on land paid for the current year 4,000 Cost of real estate purchased as a plant site (and $120,000 and building $47,500) 167,500 Excavation costs for new building 39,000 Architect's fees on building plans 14,500 Accrued real estate taxes paid at time of purchase of real estate 1,500 Cost of parking lots and driveways 15,000 Cost of demolishing building to make land suitable for construction of new building 25,500 $968,500 Credit 10. Proceeds from salvage of demolished building $ 3,500 Analyze the foregoing transactions using the following column headings. Insert the amounts in the appropriate columns. (If an amount reduces the account balance then enter with a negative sign preceding the number, ...-15,000 or parenthesis, .g. (15,000).) Other Accounts | y the foregoing transactions using the following column headings, Insert the amounts in the appropriate columns. (If an amount reduces the account balance then enter with a negative sin preceding the number, ..-15,000 or parenthesis... (15,000).) Item Land Buildings Other Accounts Nog