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The following expenditures and receipts are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in
The following expenditures and receipts are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses. i. Commission fee paid to real estate agency j. Installation of fences around property k. Cost of razing and removing building 1. Proceeds from salvage of demolished building (5,260) m. Interest paid during construction on money borrowed for construction 11,840 n. Cost of parking lots and driveways 18,680 o. Cost of trees and shrubbery planted (permanent in nature) 14,850 p. Excavation costs for new building 3,290 Identify each item by letter and list the items in columnar form, using the headings shown below. All receipt amounts should be reported in parentheses. For any amounts entered in the Other Accounts column, also indicate the account title. (Enter receipt amounts using either a negative sign preceding the number eg. 45 or parentheses e. . (45). If no entry is required in other accounts, select "No Entry" for the account titles.) Identify each item by letter and list the items in columnar form, using the headings shown below. All receipt amounts should be reported in parentheses. For any amounts entered in the Other Accounts column, also indicate the account title. (Enter receipt amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45). If no entry is required in other accounts, select "No Entry" for the account tittes.) 12 \& Chapter 9 a Graded Assignment. Question 1 of 15 eTextbook and Media List of Accounts
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