Problem 10-01A Your answer is partially correct. Try again. Swifty Company was organised on January 1. During the first year of the following plant et expenditures and 1. 2. 3. 4. 5. 6. $49,500) Cost of filing 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 and $100,000 Excavation costs for new building Architect's fees on building plans Accrued real estate taxes paid at time of cost of parking lots and driveways Cost of demolishing building to make 695.000 6,000 149,500 38,000 10, $ 2.000 15.000 26,000 10. Proceeds from sange of demolished building Analyze the foregoing transactions using the preceding the number, c. 15,000 or parenthe er with a negative si 15.000)) 1405 10. Proceeds from salvage of demolished building Analyze the foregoing transactions using the following column headings. Insert the amounts in the appropriate columns 1 an amount re preceding the number, e.g.-15,000 or parenthesis (15,000).) be account balance then enter with a negative sign Item L and Buildings Other Accounts 149500 |