Acc225 Fundamental of Accounting Principles: E10-2 Fisk Manufacturing purchases a large lot

Acc225 Fundamental of Accounting Principles
E10-2
Fisk Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $193,000 for the lot plus $88,000 for the old building. The company pays $37,600 to tear down the old building and $55,583 to fill and level the lot. It also pays a total of $1,842,392 in construction costs-this amount consists of $1,733,000 for the new building and $109,392 for lighting and paving a parking area next to the building.

Required:
Prepare a single journal entry to record these costs incurred by Fisk, all of which are paid in cash. (Omit the "$" sign in your response.)
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