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Weminster Company was organized on January 1. During the first year of operations, the following P 10-1 Determining Acquisition Costs of Land and Building (602

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Weminster Company was organized on January 1. During the first year of operations, the following P 10-1 Determining Acquisition Costs of Land and Building (602 plant asset expenditures and receipts were recorded in random order. Debit 1. Cost of filling and grading the land 2. Full payment to building contractor 3 Real estate taxes on land paid for the current year 4. Cost of real estate purchased as a plant site land 200,000 and building 90,000) 5. Excavation costs for new building 6 Architect's fees on building plans 7. Accrued real estate taxes paid at time of purchase of real estate 8 Cost of parking lots and driveways 9. Cost of demolishing building to make land suitable for construction of new building $ 13,200 1,560,000 10.000 290.000 70,000 20,500 5,600 28.000 30,000 $2,027,300 Credit 10. Proceeds from salvage of demolished building S 7,200 Required: Analyze the foregoing transactions using the following column headings. Insert the number of each transaction in the Item column, and then insert the amounts in the appropriate columns. For amoune entered in the Other Accounts column, also indicate the account titles. Item Land Other Accounts Property. Plant and Fouinmont Buildings P 10-2

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