I need the answers that are on red be ports Cala Marufact turing purchases a lar

Question

I need the answers that are on red

be ports Cala Marufact turing purchases a large lot on which an old buiding is loc ated as part of its plans to buld a na purthses alarge lot on wct on eld bur Cala Manufacturing purchases a large lot on which new plant. The negotiated purchase price is $215,000 for the lot plus 3110,000 for the old buldng. The company pays $31,300 to tear down the old bulding and $46,270 to fill and level the lot. it also psys a total of $1,466,366 in construction costs-this amount consists for lighting and paving a parking area next to the buildng of $1,379 300 for the new Prepare a singis journal entry to record these costs incurred by Cala, al of which are paid in cash Goneral Journal Land Buldng Land improvements 325.000x 77,5TOX 1.466,356x Cash 1,868,936

Explanation / Answer

LAND A/C...........................................DR $ 215000

BUILDING A/C.....................................DR $ 1489300

LAND IMPROVEMENT A/C.................DR $ 164636

   TO CASH $1868936

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.