Metlock Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to...

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Accounting

imageimageimageimage Metlock Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Interest on loans during construction Excavation before construction Machinery purchased Freight on machinery Storage charges caused by noncompletion of building New building Assessment by city Hauling charges - machinery Installation machinery Landscaping Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation. Indicate how any costs not debited to these accounts should be recorded. (Please leave spaces blank if there is no answer. Do not enter zeros in those spaces.)

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