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WN Swifty Corporation was organized on January 1. During the first year of operations, the following plant asset expenditures and recepts were recorded in random

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WN Swifty Corporation was organized on January 1. During the first year of operations, the following plant asset expenditures and recepts were recorded in random order Debit 1. Cost of filing and grading the land 5. 4,000 . Full payment to building contractor 696,000 3. Real estate taxes on land paid for the current year 6,000 4. Cost of real estate purchased as a plant site (and $100,000 and building $49,500) 149,500 5. Excavation costs for new building 38,000 6. Architect's fees on building plans 10,500 7. Accrued real estate taxes paid at time of purchase of real estate 2.000 8. Cost of parking lots and driveways Cost of demolishing building to make and suitable for construction of new building 26.000 5947,000 Credit 10. Proceeds from salvage of demolished building 3,000 Analyze the foregoing transactions using the following column Headings Insert the amounts in the appropriate columns For amounts entered in the Other Accounts column, also indicate the account titles ir an amount reduces the account balance then enter with a negative in preceding the number eg.-18.000 parenthesis, eg (15.000)) Item Land Building Other Accounts 15.000 9. 1 $ 3 Analyze the foregoing transactions using the following column headings. Insert the amounts in the appropriate columns. For amounts entered in the Other Account column, als indicate the account titles ( an amount reduces the account balance then enter with a negative sin preceding the number. 15.000 or parents, 2 (15,000).) Item Land Buildings Other Accounts 1 $ 4 5

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