The company purchased with cash an acre of land on which to build a building in the future. The land cost $30,000; the real estate fees were $3,000. the attorney fees were $500; the cost to remove an old wood building and level the land was $1,500. The wood from the salvaged building was sold for $2,000. The city fined the company $200 for failure to acquire a permit to tear down the old building which they paid for in cash. 

Record the purchase of the land (there is a misc. expense account)