Which of the following is included in the cost of constructing a building? cost of clearing the land of trees so that the building can be constructed cost of removing the demolished building existing on the land when it was purchased O cost of paving parking lot O cost of architect's fees Which of the following is included in the cost of land? real estate commissions O fences on the land O cost of paving a parking lot O outdoor parking lot lighting attached to the land Equipment with a cost of $30,000 and accumulated depreciation of $27,500 is sold for $3,500. The joumal entry prepared at the time of the sale will include: O Debit to Accumulated Depreciation for $30,000 Debit to Accumulated Depreciation for $27,500 O Debit to Equipment for $30,000 O Debit to Gain for $1,000 On June 8, Acme Co. issued an $80,000, 6%, 4-month note payable to Still Co. How much will Acme pay the bank when the note is paid at maturity? O $84,800 O $81,200 0 $81,600 $80,100 An business borrowed $40,000 on March 1 of the current year by signing a 1-month, 6% interest bearing note. When the note is paid on March 31, the entry to record the payment should include a. O credit to Cash for $40,000 O credit to Cash for $42,400 O debit to Interest Expense $200 debit to Interest Payable $200