Question 6 of 12 < > Debit 1 Cost of filling and grading the land 2 Full payment to building contractor 3,000 695.000 3 Real estate taxes on land paid for the current year 4.500 4. Cost of real estate purchased as a plant site land E117.500 and building 642.000) 159,500 5. Excavation costs for new building 37.500 6 Architect's fees on building plans 10,500 7. Accrued real estate taxes paid at time of purchase of real estate 2.500 8 Cost of parking lots and driveways 13.500 9. Cost of demolishing building to make land suitable for construction of new building 25.500 951.500 Credit 10 Proceeds from salvage of demolished building 4,000 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, eg-15,000 or parenthesis, eg (15,0001) B