Allocate Payments and Receipts to Fixed Asset Accounts
a Architect's and engineer's fees for plans and supervision
b Cost of filling and grading land
c Cost of removing building purchased with land in e
d Cost of paving parking lot to be used by customers
e Cost of real estate acquired as a plant site: Land $ and Building $
f Cost of repairing windstorm damage during construction
g Cost of repairing vandalism damage during construction
h Cost of trees and shrubbery planted
i Delinquent real estate taxes on property, assumed by purchaser
j Fee paid to attorney for title search
k Finder's fee paid to real estate agency
I. Interest incurred on building loan during construction
m Money borrowed to pay building contractor
n Payment to building contractor for new building
o Proceeds from insurance company for windstorm and vandalism damage
p Premium on oneyear insurance policy during construction
q Proceeds from sale of salvage materials from old building
r Refund of premium on insurance policy canceled after months
s Special assessment paid to city for extension of water main to the property
Instructions:
negative amounts.
