cergo computers constructed a new training center in 2014, which you have been hired to manage.A review of tge accounting records shows the following expenditures debited to an asset account called training center; attorney fees, land acquisition 34,900 cost of land 598,000 architects fee building design 102,000 building 1,020,000 parking lot sidewalk 135, 600 electrical wiring building 164,000 landscaping 55,000 cost of surveying land 9,200 training equipment tables and chairs 136, 400 installation of training equipment 68,000 cost of grading land 14,000 cost of changes in building of soundproof rooms 59, 200 total balance $ 2,396, 300 during the center's construction an employee of cergo worked full time overseeing the project. he spent two months on the purchase pf preparationof the site six months on the construction one month on land improvements and one month on equipment installation and training room furniture purchsed and setup. his salary of 64,000 during this tn month period was charged to administrative expense. the training center was placed in operation on november 1. prepare a schedule with the following four column account headings; land, land improvements building, and equipment. place each of the following expenditures in the appropriate column. total the columns
cergo computers constructed a new training center in 2014, which you have been hired to manage.A review of tge accounting records shows the following expenditures debited to an asset account called training center; attorney fees, land acquisition 34,900 cost of land 598,000 architects fee building design 102,000 building 1,020,000 parking lot sidewalk 135, 600 electrical wiring building 164,000 landscaping 55,000 cost of surveying land 9,200 training equipment tables and chairs 136, 400 installation of training equipment 68,000 cost of grading land 14,000 cost of changes in building of soundproof rooms 59, 200 total balance $ 2,396, 300 during the center's construction an employee of cergo worked full time overseeing the project. he spent two months on the purchase pf preparationof the site six months on the construction one month on land improvements and one month on equipment installation and training room furniture purchsed and setup. his salary of 64,000 during this tn month period was charged to administrative expense. the training center was placed in operation on november 1. prepare a schedule with the following four column account headings; land, land improvements building, and equipment. place each of the following expenditures in the appropriate column. total the columns
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:cergo computers constructed a new training center in 2014, which you have been hired to
manage.A review of tge accounting records shows the following expenditures debited to an
asset account called training center; attorney fees, land acquisition 34,900 cost of land
598,000 architects fee building design 102,000 building 1,020,000 parking lot sidewalk
135, 600 electrical wiring building 164,000 landscaping 55,000 cost of surveying land 9,200
training equipment tables and chairs 136, 400 installation of training equipment 68,000 cost of
grading land 14,000 cost of changes in building of soundproof rooms 59, 200 total balance $
2,396, 300 during the center's construction an employee of cergo worked full time overseeing
the project. he spent two months on the purchase pf preparationof the site six months on the
construction one month on land improvements and one month on equipment installation and
training room furniture purchsed and setup. his salary of 64,000 during this tn month period
was charged to administrative expense. the training center was placed in operation on
november 1. prepare a schedule with the following four column account headings; land, land
improvements building, and equipment. place each of the following expenditures in the
appropriate column. total the columns
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