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

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Accounting

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Novak Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment. Datermine the amounts that should be debited to Land, to Buiding, and to Machinery and Equipment, Assume the benefits of capitalizing interest during construction exceed the cost of implementation, Indlicate how amy costs not debited to these accounts should be recorded. (Please lecure spaces biank if there is Land Butldings Abstractess 5 Hirchitect's fees Cashpaid for land and old bujlding Removat of old butiding Interest on ioans during construction Excavation before: construction Machinery purchased Freighton machinery Storage charges caused by noncompletion of busting New buliding Assessment by city Haciling chatges - machinery Installation - machinery Landicapiny

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