Landscaping began constructio new plant thousand date, the company purchased a parcel of land for ¥180,700 in cash. In addition, it paid ¥2,600 in surveying costs and ¥5,200 for a title insurance policy. Ar old dwelling on the premises was demolished at a cost of ¥3,900, with ¥1,300 being received from the sale of materials. Architectural plans were also formalized on December 1, 2022, when the architect was paid ¥39,000. The necessary building permits costing ¥3,900 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2023 as follows. Date of Payment March 1 May 1 July 1 Amount of Payment ¥312,000 429,000 78,000

Landscaping began constructio new plant thousand date, the company purchased a parcel of land for ¥180,700 in cash. In addition, it paid ¥2,600 in surveying costs and ¥5,200 for a title insurance policy. Ar old dwelling on the premises was demolished at a cost of ¥3,900, with ¥1,300 being received from the sale of materials. Architectural plans were also formalized on December 1, 2022, when the architect was paid ¥39,000. The necessary building permits costing ¥3,900 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2023 as follows. Date of Payment March 1 May 1 July 1 Amount of Payment ¥312,000 429,000 78,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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