Exercise 8-2 Recording costs of assets LO C1
Cala Manufacturing purchases land for $435,000 as part of its
plans to build a new plant. The company pays $44,200 to tear down
an old building on the lot and $65,339 to fill and level the lot.
It also pays construction costs $1,693,200 for the new building and
$106,880 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.
Homework Answers
| Land | 544,539 | |
| Buildings | 1,693,200 | |
| Land improvements | 106,880 | |
| Cash | 2,344,619 |
Land = 435,000+44,200+65,339
Comment if you face any issues
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Exercise 8-2 Recording costs of assets LO C1
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I am assuming I am plugging in numbers not sure if I should of added Exercise 8-2 Recording costs of assets Lo ci Ca...
I am assuming I am plugging in numbers not sure if I should of
added
Exercise 8-2 Recording costs of assets Lo ci Cala Manufacturing purchases land for $390,000 as part of its plans to build a new plant. The company pays $33.500 to tear down an old building on the lot the and $47000 to fill and level the lot t o pays construction costs of $1452,200 for the new building and $87.800 for lighting and paving a parking...
Cala Manufacturing purchases a large lot on which an old building is located as part of...
Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $203,000 for the lot plus $98,000 for the old building. The company pays $27,300 to tear down the old building and $40,356 to fill and level the lot. It also pays a total of $1,812,518 in construction costs-this amount consists of $1,704,900 for the new building and $107,618 for lighting and paving...
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Cala Manufacturing purchases a large lot on which an old building is located as part of...
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Ch. 8- Homework Help s 7 Exercise 8-2 Recording costs of assets LO C1 Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $204,000 for the lot plus $99.000 for the old building. The company pays $26,900 to tear down the old building S39765 to fil and level the lot niso pays a total of St829.528 inconstructon cost-this amount consists oS020900...
exercise 10-2 and 10-3 please
Cala Manufacturing purchases land for $390,000 as part of its plans to build a new plant. The company pays $33,500 to tear down an old building on the lot and $47,000 to fill and level the lot. It also pays con- struction costs of $1,452,200 for the new building and $87,800 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid...
Cala Manufacturing purchases land for $359,000 as part of its plans to build a new plant. The company pays $25,100 to tear down an old building on the lot and $37,104 to fill and level the lot. It also pays construction costs $1,714,700 for the new building and $108,237 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. View transaction list Journal entry...
I am assuming I am plugging in numbers not sure if I should of
added
Exercise 8-2 Recording costs of assets Lo ci Cala Manufacturing purchases land for $390,000 as part of its plans to build a new plant. The company pays $33.500 to tear down an old building on the lot the and $47000 to fill and level the lot t o pays construction costs of $1452,200 for the new building and $87.800 for lighting and paving a parking...
Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $203,000 for the lot plus $98,000 for the old building. The company pays $27,300 to tear down the old building and $40,356 to fill and level the lot. It also pays a total of $1,812,518 in construction costs-this amount consists of $1,704,900 for the new building and $107,618 for lighting and paving...
Chapter 08 Homework o Saved Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $227,000 for the lot plus $122,000 for the old building. The company pays $31,100 to tear down the old building and $45.974 to fill and level the lot. It also pays a total of $1,837,608 in construction costs—this amount consists of $1,728,500 for the new building and...
Check my Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $284,000 for the lot plus $179,000 for the old building. The company pays $32,100 to tear down the old building and $47,452 to fill and level the lot. It also pays a total of $1.909,582 in construction costs-this amount consists of $1,796,200 for the new building and $113,382 for lighting...
Exercise 10-1 Cost of plant assets LO C1 Rizio Co. purchases a machine for $12,200, terms 1/10, n/60, FOB shipping point. The seller prepaid the $276 freight charges, adding the amount to the invoice and bringing its total to $12,476. The machine requires special steel mounting and power connections costing $843. Another $398 is paid to assemble the machine and get it into operation. In moving the machine to its steel mounting. $290 in damages occurred. Materials costing $40 are...
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