Cala Manufacturing purchases land for $327,000 as part of its plans to build a new plant. The company pays $35,100 to tear down an old building on the lot and $51,887 to fill and level the lot. It also pays construction costs of $1,278,200 for the new building and $80,684 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.
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- Cala Manufacturing purchases land for $259,000 as part of its plans to build a new plant. The company pays $26,400 to tear down an old building on the lot and $39,026 to fill and level the lot. It also pays construction costs $1,220,600 for the new building and $77,048 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.Cala Manufacturing purchases land for $459,000 as part of its plans to build a new plant. The company pays $39,800 to tear down an old building on the lot and $58,835 to fill and level the lot. It also pays construction costs of $1,498,000 for the new building and $94,558 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 worksheet A Record the total costs of the plant assets. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View generaCala Manufacturing purchases land for $381,000 as part of its plans to build a new plant. The company pays $26,000 to tear down an old building on the lot and $38,435 to fill and level the lot. It also pays construction costs $1,264,800 for the new building and $79,838 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 worksheet A Record the total costs of the plant assets. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry Vlew general journal Prev 1 of 7 Next > MacBook Air
- Cala Manufacturing purchases land for $297,000 as part of its plans to build a new plant. The company pays $27,300 to tear down an old building on the lot and $40,356 to fill and level the lot. It also pays construction costs of $1,791,300 for the new building and $113,072 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 worksheet A Record the total costs of the plant assets. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Land 297,000 Building Land improvements Record entry Clear entry View generaCala Manufacturing purchases land for $337,000 as part of its plans to build a new plant. The company pays $33,200 to tear down an old building on the lot and $49,078 to fill and level the lot. It also pays construction costs of $1,441,700 for the new building and $91,004 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. Please don't give image based answer..thanku2 Cala Manufacturing purchases land for $433,000 as part of its plans to build a new plant. The company pays $37,300 to tear down an old building on the lot and $55,139 to fill and level the lot. It also pays construction costs of $1,211,000 for the new building and $76,442 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. No A Transaction 1 Answer is complete but not entirely correct. Land Land improvements Building Cash General Journal ✪ ✪ Debit 433,000 168,581 1,211,000 Credit 1,812,581
- Calam manufacturing purchases land for 447,000 as part of his plans to build a new plant the company pays 39,400 to tear down an old building on the lot in $58,243 to fill in level with a lot it also pays construction cost of 1,567,800 for the new building and 98, 964 for lighting and paving a parking lot perhaps a single general entry to record these costs occurred by all of which are paid in cash cashRodriguez Company pays $352, 755 for real estate with land, land improvements, and a building. Land is appraised at $207,000; land improvements are appraised at $69,000; and the building is appraised at $184,000. Allocate the total cost among the three assets. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Allocate the total cost among the three assets. Note: Round your "Apportioned Cost" answers to 2 decimal places. \table[[ \table[[Appraised], [Value]],\table[[Percent of Total], [Appraised], [Value]],\table[[x Total Cost of], [Acquisition]],\table[[Apportioned], [Cost]]]. [Land,...]. [Land improvements...]. [Building....]]Beaverton Lumber purchased a milling machine for $35,000. In addition to the purchase price, Beaverton made the following expenditures: freight, $1,500; installation, $3,000; testing, $2,000; personal property tax on the machine for the first year, $500. What is the initial cost of the machine?
- UMPI Co. purchased land costing $2,550,000 as a future factory site. UMPI paid $240,000 to tear down two buildings on the land. Some Amish folks came along and paid them from the scrap lumber. They paid $2,450 cash for it. UMPI paid the lawyer $4,555 in fees for the title investigation and for making the purchase. The architect's fees were $85,600. The cost for the title insurance was $4,600, and liability insurance costs during the construction phase for the factory was $12,640. The excavation cost to clear the ground for the new building was $19,450. They paid the building contractor $8,200,000. The interest costs during the construction phase of the building was $465,000. What should UMPI record as cost of the building? 8,200,000 9,022,690 8,782,690 8,770,050 xA company is constructing a new production facility. The following costs have been incurred: Site preparation costs $50,000 Architects’ fees $26,000 Legal fees $10,000 Purchase of site $200,000 Costs incurred to relocate employees to the new facility $30,000 Administration costs $50,000 Total costs $366,000 The architects’ fees relate to the design of the new facility and the legal fees relate to legal advice received on the contract to purchase the site. The total value that should be recognized as Property, Plant and Equipment for the new facility should be Question 10Answer a. $ 314,000 b. $ 324,000 c. $ 344,000 d. $ 286,000Kegler Bowling buys scorekeeping equipment with an invoice cost of $190,000. The electrical work required for the installation costs $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,850. What is the total recorded cost of the scorekeeping equipment?