Please Help With Accounting Exercise E10-1.

Enclosed in image is exercise. Please Complete on Microsoft Excel. Thank You.

. LO10-8 ($72,000), advertising ($47,000), and traveling to train employees (DT,you). is willing to incur these costs because it foresees strong customer demand in Texas for the next several years. What amount showly Big Burgers report as an expense in its income statement associated with these costs? connect E 10-1 On March 1, 2018, Beldon Corporation purchased land as a factory site for $60,000. An old building on the prop Acquisition costs; erty was demolished, and construction began on a new building that was completed on December 15, 2018. Costs land and building incurred during this period are listed below: . LO10-1 Demolition of old building $ 4,000 Architect's fees (for new building) 12,000 Legal fees for title investigation of land 2,000 Property taxes on land (for period beginning March 1, 2018) 3,000 Construction costs 500,000 Interest on construction loan 5,000 Salvaged materials resulting from the demolition of the old building were sold for $2,000. Required: Determine the amounts that Beldon should capitalize as the cost of the land and the new building. E 10-2 Oaktree Company purchased new equipment and made the following expenditures: Acquisition cost; equipment Purchase price $45,000 Sales tax 2,200 LO10-1 Freight charges for shipment of equipment 700 Insurance on the equipment for the first year 900 Installation of equipment 1,000 The equipment, including sales tax, was purchased on open account, with payment due in 30 days. The other expenditures listed above were paid in cash. Required: Prepare the necessary journal entries to record the above expenditures