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Rizio Co purchases a machine for $13,100, terms 2/10, 1/60, FOB shipping point. Rizio paid within the discount period and took the $262 discount. Transportation

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Rizio Co purchases a machine for $13,100, terms 2/10, 1/60, FOB shipping point. Rizio paid within the discount period and took the $262 discount. Transportation costs of $296 were paid by Rizio. The machine required mounting and power connections costing $906. Another $427 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $280 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 Cala Manufacturing purchases land for $333,000 as part of its plans to build a new plant. The company pays $38,600 to tear down an old building on the lot and $57,061 to Til and level the lot. It also pays construction costs $1,649.300 for the new building and $104,109 for lighting and paving a parking area Prepare a single joumsi enby to record these costs incurred by Cala, all of which are paid in cash View transaction line Journal entry worksheet A Record the total costs of the plant assets Gen Journal Credit

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