Seger Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order.

Debit

1. Cost of real estate purchased as a plant site (land $255,000

and building $25,000)...................$ 280,000

2. Installation cost of fences around property.............6,800

3. Cost of demolishing building to make land suitable for

construction of new building..................31,000

4. Excavation costs for new building................23,000

5. Accrued real estate taxes paid at time of purchase of real estate.....3,170

6. Cost of parking lots and driveways................29,000

7. Architect’s fees on building plans..................33,000

8. Real estate taxes paid for the current year on land...........6,400

9. Full payment to building contractor.................640,000

$1,052,370

Credit

10. Proceeds from salvage of demolished building.......... $ 12,000

Instructions

Analyze the transactions using the following table column headings. Enter the number of each transaction in the Item column, and enter the amounts in the appropriate columns.

For amounts in the Other Accounts column, also indicate the account title.

Item Land Buildings Other Accounts