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Cala Manufacturing purchases land for $301,000 as part of its plans to build a new...

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Accounting

Cala Manufacturing purchases land for $301,000 as part of its plans to build a new plant. The company pays $25,500 to tear down an old building on the lot and $37,696 to fill and level the lot. It also pays construction costs of $1,453,400 for the new building and $91,743 for lighting and paving a parking area.
Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.
Journal entry worksheet
A
Record the total costs of the plant assets.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit,Credit],[1,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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