Homework Answers
1. Land Improvements
2. Buildings
3. Buildings
4. Machinery and Equipment
5. Machinery and Equipment
6. Machinery and Equipment
7. Machinery and Equipment
8. Other Account
9. Machinery and Equipment
10. Other Account
11. Land
12. Other Account
13. Land Improvements
14. Land Improvements
15. Other Account
16. Land
17. Land
18. Land
19. Land
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Identify each of the following expenditures as chargeable to Land, Land Improvements, Buildings, Machinery and Equipment,...
The following payments and receipts are related to land, land improvements, and buildings acquired for use...
The following payments and receipts are related to land, land improvements, and buildings acquired for use in a wholesale apparel business. The receipts are identified by an asterisk. a. Fee paid to attorney for title search b. Cost of real estate acquired as a plant site: Land $3,600 720,000 60,000 23,400 15,000 75,000 10,000 3,400* 18,000 8,400 800,000* 13,400 3,000 2,000 14,000 21,600 Building (to be demolished) c. Finder's fee paid to real estate agency d. Delinquent real estate taxes...
The following payments and receipts are related to land, land improvements, and buildings acquired for use...
The following payments and receipts are related to land, land improvements, and buildings acquired for use in a wholesale ceramic business. The receipts are identified by an asterisk. a. Fee paid to attorney for title search $ 2,480 b. Cost of real estate acquired as a plant site: Land 273,700 Building (to be demolished) 51,500 c. Delinquent real estate taxes on property, assumed by purchaser 16,570 d. Cost of tearing down and removing building acquired in (b) 5,495 e.* Proceeds...
The following payments and receipts are related to land, land improvements, and buildings acquired for use...
The following payments and receipts are related to land, land improvements, and buildings acquired for use in a wholesale ceramic business. The receipts are identified by an asterisk next to the item letter. a. Fee paid to attorney for title search $ 2,500 b. Cost of real estate acquired as a plant site: Land 285,000 Cost of real estate acquired as a plant site: Building (to be demolished) 55,000 c. Delinquent real estate taxes on property, assumed by purchaser 15,500...
The following expenditures and receipts are related to land, land improvements, and buildings acquired for use...
The following expenditures and receipts are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses. (a) (b) (c) (d) (e) () () (h) Money borrowed to pay building contractor (signed a note) Payment for construction from note proceeds Cost of land fill and clearing Delinquent real estate taxes on property assumed by purchaser Premium on 6-month insurance policy during construction Refund of 1-month insurance premium because construction completed early...
The expenditures and receipts below are related to land, land improvements, and buildings acquired for use...
The expenditures and receipts below are related to land, land
improvements, and buildings acquired for use in a business
enterprise. The receipts are enclosed in parentheses.
(a)
Money borrowed to pay building
contractor (signed a note)
$(276,900
)
(b)
Payment for construction from note
proceeds
276,900
(c)
Cost of land fill and clearing
10,340
(d)
Delinquent real estate taxes on
property assumed by purchaser
7,530
(e)
Premium on 6-month insurance policy
during construction
10,980
(f)
Refund of 1-month insurance premium...
The following expenditures and receipts are related to land, land improvements, and buildings acquired for use...
The following expenditures and receipts are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses. (a) Money borrowed to pay building contractor (signed a note) $(292,600) (b) Payment for construction from note proceeds 292,600 Cost of land fill and clearing 11,790 Delinquent real estate taxes on property assumed by purchaser 7,630 Premium on 6-month insurance policy during construction 11,040 Refund of 1-month insurance premium because construction completed early (1,840)...
The following expenditures and receipts are related to land, land improvements, and buildings acquired for use...
The following expenditures and receipts are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses. (a) Money borrowed to pay building contractor (signed a note) $(288,800) 2 T Payment for construction from note proceeds 288,800 10,420 (c) Cost of land fill and clearing Delinquent real estate taxes on property assumed by purchaser 8,950 a (e) Premium on 6-month insurance policy during construction 7,200 Refund of 1-month insurance premium because...
the following payments and receipts are related to land, land improvement ls, and buildings acquired for...
the following payments and receipts are related to land, land
improvement ls, and buildings acquired for use in a wholesale
ceramic business. the receipts are identified by an asterisk.
1.) Assign each payment and receipt to land (unlimited life),
land improvements (limited life), building, or other accounts.
Choose the correct account from the drop down list for each letter
and enter the appropriate amount. Enter receipts as negative
amounts using the minus sign.
2.) determine the amount debited to land,...
Allocating payment xed asset accounts The following payents and receipts are related to land, land improvements,...
Allocating payment xed asset accounts The following payents and receipts are related to land, land improvements, and buildings acquired for use in a wholesale ceramic business. The receipts are identified by an asteris a. Fee paid to attorney for title seardch $2,500 b. Cost of real estate acquired as a plant site: Land 285,000 Building (to be demolished) 55,000 c. Delinquent real estate taxes on property, assumed by purchaser 15,500 d. Cost of razing and removing building acquired in (b)...
Land 6,100 Land 3,700 Building 14,600 Building 53,600 Land 5,200 Other Accounts 21,500 Other Accounts 914,600...
Land 6,100 Land 3,700 Building 14,600 Building 53,600 Land 5,200 Other Accounts 21,500 Other Accounts 914,600 6,700 Land Improvements Land Improvements 18,500 Land Improvements 11,000 Other Accounts 1,300 Other Accounts 3,000 Building 7,300 975,100 Building $ Building 45,800 2. Determine the amount debited to Land, Land Improvements, and Building. Land Land Improvements Building 3,000 0. Cost of repairing vandalism damage during construction Proceeds from insurance company for windstorm and vandalism damage 7,300* q. Payment to building contractor for new building...
The following payments and receipts are related to land, land improvements, and buildings acquired for use in a wholesale apparel business. The receipts are identified by an asterisk. a. Fee paid to attorney for title search b. Cost of real estate acquired as a plant site: Land $3,600 720,000 60,000 23,400 15,000 75,000 10,000 3,400* 18,000 8,400 800,000* 13,400 3,000 2,000 14,000 21,600 Building (to be demolished) c. Finder's fee paid to real estate agency d. Delinquent real estate taxes...
The following expenditures and receipts are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses. (a) (b) (c) (d) (e) () () (h) Money borrowed to pay building contractor (signed a note) Payment for construction from note proceeds Cost of land fill and clearing Delinquent real estate taxes on property assumed by purchaser Premium on 6-month insurance policy during construction Refund of 1-month insurance premium because construction completed early...
The expenditures and receipts below are related to land, land
improvements, and buildings acquired for use in a business
enterprise. The receipts are enclosed in parentheses.
(a)
Money borrowed to pay building
contractor (signed a note)
$(276,900
)
(b)
Payment for construction from note
proceeds
276,900
(c)
Cost of land fill and clearing
10,340
(d)
Delinquent real estate taxes on
property assumed by purchaser
7,530
(e)
Premium on 6-month insurance policy
during construction
10,980
(f)
Refund of 1-month insurance premium...
The following expenditures and receipts are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses. (a) Money borrowed to pay building contractor (signed a note) $(292,600) (b) Payment for construction from note proceeds 292,600 Cost of land fill and clearing 11,790 Delinquent real estate taxes on property assumed by purchaser 7,630 Premium on 6-month insurance policy during construction 11,040 Refund of 1-month insurance premium because construction completed early (1,840)...
The following expenditures and receipts are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses. (a) Money borrowed to pay building contractor (signed a note) $(288,800) 2 T Payment for construction from note proceeds 288,800 10,420 (c) Cost of land fill and clearing Delinquent real estate taxes on property assumed by purchaser 8,950 a (e) Premium on 6-month insurance policy during construction 7,200 Refund of 1-month insurance premium because...
the following payments and receipts are related to land, land
improvement ls, and buildings acquired for use in a wholesale
ceramic business. the receipts are identified by an asterisk.
1.) Assign each payment and receipt to land (unlimited life),
land improvements (limited life), building, or other accounts.
Choose the correct account from the drop down list for each letter
and enter the appropriate amount. Enter receipts as negative
amounts using the minus sign.
2.) determine the amount debited to land,...
Allocating payment xed asset accounts The following payents and receipts are related to land, land improvements, and buildings acquired for use in a wholesale ceramic business. The receipts are identified by an asteris a. Fee paid to attorney for title seardch $2,500 b. Cost of real estate acquired as a plant site: Land 285,000 Building (to be demolished) 55,000 c. Delinquent real estate taxes on property, assumed by purchaser 15,500 d. Cost of razing and removing building acquired in (b)...
Land 6,100 Land 3,700 Building 14,600 Building 53,600 Land 5,200 Other Accounts 21,500 Other Accounts 914,600 6,700 Land Improvements Land Improvements 18,500 Land Improvements 11,000 Other Accounts 1,300 Other Accounts 3,000 Building 7,300 975,100 Building $ Building 45,800 2. Determine the amount debited to Land, Land Improvements, and Building. Land Land Improvements Building 3,000 0. Cost of repairing vandalism damage during construction Proceeds from insurance company for windstorm and vandalism damage 7,300* q. Payment to building contractor for new building...
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