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White Transfer manufactures conveyor belts. Early in August 2018, White Transfer constructed its own building at cost of $990,000 (for materials, labor, and overhead). White
White Transfer manufactures conveyor belts. Early in August 2018, White Transfer constructed its own building at cost of $990,000 (for materials, labor, and overhead). White Transfer paid cash for the construction costs. White Transfer also paid $79,000 for architect fees and building permits. Read the requirements. Requirement 1. How much should White Transfer record as the cost of the building in 2018? White should record $ in 2018. Requirement 2. Record White Transfer's transactions related to the construction of the building. (Record debits first, then credits. Exclude explanations from journal entries.) Start by recording the materials, labor, and overhead costs for the building. Requirements 1. How much should White Transfer record as the cost of the building in 2018 ? 2. Record White Transfer's transactions related to the construction of the building
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