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second photo is to show the options for the account titles Exercise 216 Kendrick Company was organized on January 1. During the first year of
second photo is to show the options for the account titles Exercise 216 Kendrick Company was organized on January 1. During the first year of operations, the following expenditures and receipts were recorded in random order. 10.000 4.000 10,000 30,000 5,000 6,000 Increases 1. Cost of real estate purchased as a plant site (land and building) 2. Accrued real estate taxes paid at the time of the purchase of the real estate Cost of demolishing building to make land suitable for construction of a new building Architect's fees on building plans 5. Excavation costs for new building Cost of filling and grading the land * Insurance and taxes during construction of building Cost of repairs caused by a small fire shortly after completion of building Interest paid during the year, of which $45,000 pertains to the construction period 10 Full payment to building contractor 11. Cost of parking lots and driveways 12. Real estate taxes paid for the current year on the land Total Increases Decreases 1. Proceeds from salvage of demolished building Total Decreases 7.000 74.000 95,000 35,000 $1.275,000 1,500 Analyze the foregoing transactions using the following tabular arrangement. Insert the amounts in the appropriate columns and select appropriate account title for transactions falling under other column. (Enter credit transactions with negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Buildings Other Account Title Buildings Other Account Title Depreciation Expense Depreciation Expense Property Tax Expense Insurance Expense Fire Loss Expense Maintenance and Repairs Expense Interest Expense Land Improvements Totals Click if you would like to Show Work for this question: Open Show
second photo is to show the options for the account titles
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