Blue Spruce Company was organized on January 1 During the first year of operations, the...

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Accounting

Blue Spruce Company was organized on January 1 During the first year of operations, the following plant asset expenditures and receipts were recorded in random order.
\table[[Debit,],[1. Cost of filling and grading the land,5,000],[2. Full payment to building contractor,688,000],[3. Real estate taxes paid for the current year on land,4,500],[4. Cost of real estate purchased as a plant site (land $116,000 and building $42,000,158,000],[5. Excavation costs for new building,39,000],[6. Architect's fees on building plans,14,500],[7. Accrued real estate taxes paid at time of purchase of land,2,500],[8. Cost of parking lots and driveways,14,500],[9. Cost of demolishing building to make land suitable for construction of new building,25,500],[Credit,$951,500
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