Rizio Co purchases a machine for $12,200, terms 1/10, 1/60, FOB shipping point Rizio paid within the discount period and took the $122 discount Transportation costs of $276 were paid by Rizio. The machine required mounting and power connections costing $843 Another $398 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $195 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine Amount included in Cost of Equipment: Invoice price of machine Net purchase price Total cost to be recorded 0 Cala Manufacturing purchases land for $285,000 as part of its plans to build a new plant. The company pays $41,600 to tear down an old building on the lot and $61,496 to fill and level the lot. It also pays construction costs $1,501,300 for the new building and $94,767 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash. View transaction line Journal entry worksheet