Problem 9-1A Your answer is partially correct. Try again. Sunland Company was organized on January...
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Problem 9-1A Your answer is partially correct. Try again. Sunland Company was organized on January 1. During the first year of operatlons, the following plant asset expenditures and recelpts were recorded in random order. Debit Excavation costs for new building S13,325 42,570 642,200 2 Architect's fees on building plans 3. Full payment to building contractor 4. 5. Cost of parking lots and driveways Cast of real estate purchased as a plant site land $301,700 and building $29,400) 331,100 34,470 3,500 6,980 Accrued real estate taxes paid at time of purchase of real estate 7. Istallation cost of fences around property B. Cost of demolishing building to make land suitable for construction of new 9 Real estate taxes paid for the current year on land 27,500 6,380 108,085 Credit 10. Proceeds from salvage of demolished building 12,100 Analyze the transactions using the Tollowing table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts colurmn, also indicate the account title. (If an amount fall into the Land and Buildings coluin Lhen enter "Not Applicable" in the account Litle con. Enter negalive amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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