Problem 10-01A Your answer is partially correct. Try again. Martinez Company was organized on January 1. During the first year of operations, the following plant asset expenditu Debit 1. 2. 3. 4. 5. Cost of filling and grading the land Full payment to building contractor Real estate taxes on land paid for the current year Cost of real estate purchased as a plant site (land $117,500 and building $42,000) Excavation costs for new building Architect's fees on building plans Accrued real estate taxes paid at time of purchase of real estate Cost of parking lots and driveways Cost of demolishing building to make land suitable for construction of new building $ 3,000 695,000 4,500 159,500 37,500 10,500 2,500 13,500 25,500 $951,500 6. 7. 8. 9. Credit Proceeds from salvage of demolished building 4,000 10. Analyze the foregoing transactions using the following column headings. Insert the amounts in the appropriate column then enter with a negative sign preceding the number, e.g. -15,000 or parenthesis, e.g. (15,000).) Item Land Buildings Other Accounts 3000 then enter with a negative sign preceding the number, e.g. -15,000 or parenthesis, e.g. (15 Item Land Buildings Other Accounts 1. 3000 2. 695000 X 3. 4500 X 4. 117500 > 5. 37500 CO Uddlltecili COOKI > 6. 10500 7. 2500 8. 13500 X 9. 25500 X 10. -4000 127500 806500