Entity A purchased land to construct a car wash and incurred costs. Land purchase price Accrued...

 

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Entity A purchased land to construct a car wash and incurred costs. Land purchase price Accrued property taxes Broker's fees $80,000 2,200 2,000 3,000 6,500 Title search and survey Demolition of an old building on the land Full payment to the contractor constructing the car wash Signs for the car wash Lighting Annual insurance for the car wash 250,000 3,500 1,000 6,000 Proceeds from the salvage of the demolished building were $2,000. List the items and amounts that make up the Land account. Be sure to provide a total. Entity A purchased land to construct a car wash and incurred costs. Land purchase price Accrued property taxes Broker's fees $80,000 2,200 2,000 3,000 6,500 Title search and survey Demolition of an old building on the land Full payment to the contractor constructing the car wash Signs for the car wash Lighting Annual insurance for the car wash 250,000 3,500 1,000 6,000 Proceeds from the salvage of the demolished building were $2,000. List the items and amounts that make up the Land account. Be sure to provide a total.

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Particulars Amount Purchase price 8000... View the full answer