Windsor, Inc. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Debit Cost of filing 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 $117,500 and building $40,000) 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 and suitable for construction of new building $ 4,500 697,500 4,000 157,500 33,000 13,500 2,500 14,500 26,000 $953,000 Credit Proceeds from salvage of demolished building 10. $ 3,500 Analyze the foregoing transactions using the following column headings. Insert the amounts in the appropriate columns. (If an amount reduces the account balance then enter with a negative sign preceding the number, e.g. - 15,000 or parenthesis (15,000).) Its by Study Analyze the foregoing transactions using the following column headings. Insert the amounts in the appropriate columns. (If an amount reduces the account balance then enter with a negative sign preceding the number, e.g. -15,000 or parenthesis, e.g. (15,000).) Item Land Buildings Other Accounts 1. $ 2 3 4 5. 6. 7. 9. HY 10