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these drop down options are the same btw Ivanhoe Company was organized on January 1. During the first year of operations, the following plant asset
these drop down options are the same btw
Ivanhoe Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Debit 1. $16,000 2. 26,000 3 633,000 4. 273,000 5. Excavation costs for new building Architect's fees on building plans Full payment to building contractor Cost of real estate purchased as a plant site (land $248,000 and building $25,000) Cost of parking lots and driveways Accrued real estate taxes paid at time of purchase of land Installation cost of fences around property Cost of demolishing building to make land suitable for construction of new building Real estate taxes paid for the current year on land 22.000 6. 2,470 7. 6,100 8. 24,000 9. 5,700 $1.008,270 Credit 10. Proceeds from salvage of demolished building $ 11,300 Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (If an amount falls into either the Land or Bulldings column, enter"Not Applicable" In the account title colunin. Enter negative amounts using either a negative sin preceding the number eg.-45 or parentheses es (451) Other Accounts Item Land Building Amounts Account Title 1 2 > A 6N C > 6 > 7 C 8 10 Other Accounts Item Land Building Amounts Account Title 1 $ 2 Land Improvements Property Tax Expense Prepaid Insurance License Expense Not Applicable 3 5 7 > 8 9 > > > 10 Step by Step Solution
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