Business, 27.11.2019 01:31, Mistytrotter

Blossom company was organized on january 1. during the first year of operations, the following plant asset expenditures and receipts were recorded in random order. debit 1. excavation costs for new building $13,100 2. architect’s fees on building plans 32,100 3. full payment to building contractor 640,100 4. cost of real estate purchased as a plant site (land $255,100 and building $25,100) 280,200 5. cost of parking lots and driveways 28,100 6. accrued real estate taxes paid at time of purchase of real estate 2,180 7. installation cost of fences around property 5,810 8. cost of demolishing building to make land suitable for construction of new building 24,100 9. real estate taxes paid for the current year on land 5,810 $1,031,500 credit 10. proceeds from salvage of demolished building $ 11,000

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Blossom company was organized on january 1. during the first year of operations, the following plant...