Cala Manufacturing purchases land for $$267,000$ as part of its plans to build a new plant. The company pays

$$29,800$ to tear down an old building on the lot and $$44,052$ to fill and level the lot. It also pays construction

costs of $$1,462,300$ for the new building and $$92,305$ for lighting and paving a parking area.

Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.

Journal entry worksheet

A

Record the total costs of the plant assets.

Note: Enter debits before credits.