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) $(294,600)(b) Payment for construction from note proceeds 294,600 (c) Cost of land fill and clearing 10,250 (d) Delinquent real estate taxes on property assumed by purchaser 7,170 (e) Premium on 6-month insurance policy during construction 11,100 (f) Refund of 1-month insurance premium because construction completed early (1,850)(g) Architect’s fee on building 26,350 (h) Cost of real estate purchased as a plant site (land $208,600 and building $51,900) 260,500 (i) Commission fee paid to real estate agency 9,500 (j) Installation of fences around property 4,120 (k) Cost of razing and removing building 10,230 (l) Proceeds from salvage of demolished building (5,160)(m) Interest paid during construction on money borrowed for construction 13,980 (n) Cost of parking lots and driveways 19,980 (o) Cost of trees and shrubbery planted (permanent in nature) 12,900 (p) Excavation costs for new building 2,730 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 receipt amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). If no entry is required in other accounts, select "No Entry" for the account titles.)I need help with A and L The image displays a set of labeled boxes, each containing numerical values and corresponding information icons. The layout is as follows:- (h): 260500- (i): 9500- (j): Empty box with an information icon- (k): 10230- (l): Input box with a dropdown showing "5160"- (m): 13980Each box has a green information icon that likely provides additional context or instructions when interacted with. Some boxes are completed with values, while others prompt for user input or provide additional options. The table displayed includes columns for various asset categories, with rows for itemized entries. Here is a transcription of the table's layout and contents:**Columns:**1. **Item**: Labels from (a) to (i).2. **Land**: Includes spaces for monetary values.3. **Land Improvements**: Includes spaces for monetary values.4. **Building**: Includes values and spaces for monetization.5. **Other Accounts**: Includes spaces for monetary values.**Rows and Content:**- **(a)**: Blank spaces in columns for Land, Land Improvements, Building, and Other Accounts.- **(b)**: Column for "Building" has a prefilled value of $294,600, others are blank.- **(c)**: Column for "Land" shows $10,250, others are blank.- **(d)**: Column for "Land" shows $7,170, others are blank.- **(e)**: Column for "Building" shows $11,100, others are blank.- **(f)**: Column for "Building" shows -$1,850, others are blank.- **(g)**: Column for "Building" shows $26,350, others are blank.- **(h)**: Column for "Land" shows $260,500, others are blank.- **(i)**: Column for "Land" shows $9,500, others are blank.**Additional Observations:**- "i" icons next to each row entry suggest additional information or tooltips may be available when clicked.- The table is likely organized for financial analysis or accounting purposes, facilitating data entry for different types of assets.

Land: C, D, H, I, K, L O Land Improvements: J, N Buildings: B, E, F, G, M, P Other Accounts: A

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) $(294,600 ) (b) Payment for construction from note proceeds 294,600 (c) Cost of land fill and clearing 10,250 (d) Delinquent real estate taxes on property assumed by purchaser 7,170 (e) Premium on 6-month insurance policy during construction 11,100 (f) Refund of 1-month insurance premium because construction completed early (1,850 ) (g) Architect’s fee on building 26,350 (h) Cost of real estate purchased as a plant site (land $208,600 and building $51,900) 260,500 (i) Commission fee paid to real estate agency 9,500 (j) Installation of fences around property 4,120 (k) Cost of razing and removing building 10,230 (l) Proceeds from salvage of demolished building (5,160 ) (m) Interest paid during construction on money borrowed for construction 13,980 (n) Cost of parking lots and driveways 19,980 (o) Cost of trees and shrubbery planted (permanent in nature) 12,900 (p) Excavation costs for new building 2,730 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 receipt amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). If no entry is required in other accounts, select "No Entry" for the account titles.) I need help with A and L

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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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)	$(294,600	)
(b)	Payment for construction from note proceeds	294,600
(c)	Cost of land fill and clearing	10,250
(d)	Delinquent real estate taxes on property assumed by purchaser	7,170
(e)	Premium on 6-month insurance policy during construction	11,100
(f)	Refund of 1-month insurance premium because construction completed early	(1,850	)
(g)	Architect’s fee on building	26,350
(h)	Cost of real estate purchased as a plant site (land $208,600 and building $51,900)	260,500
(i)	Commission fee paid to real estate agency	9,500
(j)	Installation of fences around property	4,120
(k)	Cost of razing and removing building	10,230
(l)	Proceeds from salvage of demolished building	(5,160	)
(m)	Interest paid during construction on money borrowed for construction	13,980
(n)	Cost of parking lots and driveways	19,980
(o)	Cost of trees and shrubbery planted (permanent in nature)	12,900
(p)	Excavation costs for new building	2,730

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 receipt amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). If no entry is required in other accounts, select "No Entry" for the account titles.)

I need help with A and L

The image displays a set of labeled boxes, each containing numerical values and corresponding information icons. The layout is as follows:

- (h): 260500
- (i): 9500
- (j): Empty box with an information icon
- (k): 10230
- (l): Input box with a dropdown showing "5160"
- (m): 13980

Each box has a green information icon that likely provides additional context or instructions when interacted with. Some boxes are completed with values, while others prompt for user input or provide additional options.

The table displayed includes columns for various asset categories, with rows for itemized entries. Here is a transcription of the table's layout and contents:

**Columns:**
1. **Item**: Labels from (a) to (i).
2. **Land**: Includes spaces for monetary values.
3. **Land Improvements**: Includes spaces for monetary values.
4. **Building**: Includes values and spaces for monetization.
5. **Other Accounts**: Includes spaces for monetary values.

**Rows and Content:**
- **(a)**: Blank spaces in columns for Land, Land Improvements, Building, and Other Accounts.
- **(b)**: Column for "Building" has a prefilled value of $294,600, others are blank.
- **(c)**: Column for "Land" shows $10,250, others are blank.
- **(d)**: Column for "Land" shows $7,170, others are blank.
- **(e)**: Column for "Building" shows $11,100, others are blank.
- **(f)**: Column for "Building" shows -$1,850, others are blank.
- **(g)**: Column for "Building" shows $26,350, others are blank.
- **(h)**: Column for "Land" shows $260,500, others are blank.
- **(i)**: Column for "Land" shows $9,500, others are blank.

**Additional Observations:**
- "i" icons next to each row entry suggest additional information or tooltips may be available when clicked.
- The table is likely organized for financial analysis or accounting purposes, facilitating data entry for different types of assets.

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