Spring 2018-BUS2101-Chapter 8 Homework Homework should always be hand-written (do not type) You are encouraged to use journal paper for journal entries (Questions 6 through 8) Colors are optional, but encouraged. for this homework. Question 1) On March 1,2018, Amanda Company acquired real estate, on which it planned to construct a small office building, by paying $97,000 in cash. An old warehouse on the property was demolished at a cost of $28,888; the sal included $1.090 attorney's fee for work concerning the land purchase, $5,200 real estate broker's fee, $9,100 architect's fee, and $17,000 to put in driveways and a parking lot. Ivaged materials were sold for $7,555. Additional expenditures before construction began Instructions A) Determine the amount to be reported as the cost of the land. B) For each cost not used in part (a), indicate the account to be debited