Bylund Corporation was organized in June 2015. In auditing its books, you find the following land, buildings, and equipment account:

An analysis of this account and of other accounts disclosed the following additional information:
(a) The building acquired on June 16, 2015, was valued at $41,000.
(b) The corporation paid $15,000 for the demolition of the old building and then sold the scrap for $7,000 and credited the proceeds to Miscellaneous Revenue.
(c) The corporation executives did not participate in the construction of the new building.
(d) The county real estate tax was for the six-month period ended December 31, 2015, and was assessed by the county on the land.
Instructions: Prepare journal entries to correct Bylund Corporation's books

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Balance Date 2015 June 8 Organization fees paid to the state Item Debit Credit Debit Credit 21,000 325,000 40,000 15,300 15,000 100,000 54,000 21,000 346,000 386,000 401,300 416,300 516,300 570,300 16 Land site and old building 30 Corporate organization costs July 2 Title clearance fees Aug. 28 Cost of razing old building Sept. Salaries of Bylund Corporation executives 1Cost to acquire patent for special equipment Dec. 12 Stock bonus to corporate promoters, 3,000 shares of common stock, $50/share market value 150,000 13,200 15 Cost of new building completed and occupied on this date 1450,000 720,300 733,500 2,183,500 15 County real estate tax