Solution:
Cost of Land | |
Purchase price of Land | 227000 |
Purchase price of old Building | 122000 |
Tear Down Cost of Old building | 31100 |
Cost to Fill and level the lot | 45974 |
Total cost of Land | 426074 |
Cost of Building | |
Construction cost of new building | 1728500 |
Cost of Land Improvement | |
Construction cost of parking area | 109108 |
Transaction | General Journal | Debit | Credit |
1 | Land | 426074 | |
Building | 1728500 | ||
Land Improvements | 109108 | ||
Cash | 2263682 |
Chapter 08 Homework o Saved Cala Manufacturing purchases a large lot on which an old building...
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...
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...
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 $274,000 for the lot plus $169,000 for the old building. The company pays $40,200 to tear down the old building and $59,426 to fill and level the lot. It also pays a total of $1,639,336 in construction costs—this amount consists of $1,542,000 for the new building and $97,336 for lighting and paving...
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 $208,000 for the lot plus $103,000 for the old building. The company pays $31,300 to tear down the old building and $46,270 to fill and level the lot. It also pays a total of $1,756,598 in construction costs—this amount consists of $1,652,300 for the new building and $104,298 for lighting and paving...
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...
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...
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...
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...
Rizio Co. purchases a machine for $12,800, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $256 discount. Transportation costs of $289 were paid by Rizio. The machine required mounting and power connections costing $885. Another $417 is paid to assemble the machine and $40 of materials are used to get it into operation During installation, the machine was damaged and $370 worth of repairs were made. Complete the below table to calculate the...