Expenditures 1. Excavation costs for new building $13,895 2. Architect's fees on buildings $34,720 3. Full payment
Question:
Expenditures
1. Excavation costs for new building $13,895 2. Architect's fees on buildings $34,720 3. Full payment to building contractor $658,500 4. Cost of real estate purchased as a plant site (land $291,900 and building $32,700) $324,600 5. Cost of parking lots and driveways $32,090 6. Accrued real estate taxes paid at time of purchase of real estate $3,510 7. Installation cost of fences around property $8,100 8. Cost of demolishing buildings to make land suitable for construction of new building $32,200 Real estate taxes paid for the current year on land $7,500
Total: $1,115,115 Receipts
10. Proceeds from salvage of demolishing buildings $11,500
Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate each account title (Enter negative amounts using either a negative sign preceding the nunmber)