Current Attempt in Progress 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. e b. C. d. R h m f n f k L P. 0. 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 Architect's fee on building Cost of real estate purchased as a plant site (land $201.700 and building $54,400) Commission fee paid to real estate agency Installation of fences around property Cost of razing and removing building Proceeds from salvage of demolished building Interest paid during construction on money borrowed for construction Cost of parking lots and driveways Cost of trees and shrubbery planted (permanent in nature) Excavation costs for new building $(282,800) 282,800 11.770 7.920 11.460 (1.910) 26,160 256,100 8,410 4,280 11,740 (5,090) 12.550 20,330 13,380 3,010 Identify each item by letter and list the items in columnar form, using the headings shown below All receipt amounts should be reported in parentheses. For any amounts entered in the Other Accounts column, also indicate the account title. (Enter receint
Current Attempt in Progress 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. e b. C. d. R h m f n f k L P. 0. 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 Architect's fee on building Cost of real estate purchased as a plant site (land $201.700 and building $54,400) Commission fee paid to real estate agency Installation of fences around property Cost of razing and removing building Proceeds from salvage of demolished building Interest paid during construction on money borrowed for construction Cost of parking lots and driveways Cost of trees and shrubbery planted (permanent in nature) Excavation costs for new building $(282,800) 282,800 11.770 7.920 11.460 (1.910) 26,160 256,100 8,410 4,280 11,740 (5,090) 12.550 20,330 13,380 3,010 Identify each item by letter and list the items in columnar form, using the headings shown below All receipt amounts should be reported in parentheses. For any amounts entered in the Other Accounts column, also indicate the account title. (Enter receint
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Current Attempt in Progress
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.
d.
e
b
C
f
R
m
h
L
J
k
L
n
0.
p.
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
Architect's fee on building
Cost of real estate purchased as a plant site (land $201.700 and building $54,400)
Commission fee paid to real estate agency
Installation of fences around property
Cost of razing and removing building
Proceeds from salvage of demolished building
Interest paid during construction on money borrowed for construction
Cost of parking lots and driveways
Cost of trees and shrubbery planted (permanent in nature)
Excavation costs for new building
$(282,800)
282,800
11,770
7.920
11.460
(1.910)
26,160
256,100
8,410
4,280
11,740
(5,090)
12.550
20,330
13,380
3,010
Identify each item by letter and list the items in columnar form, using the headings shown below. All receipt amounts should be
reported in parentheses. For any amounts entered in the Other Accounts column, also indicate the account title. (Enter receint
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