Acc280 Financial Accounting: P9-1A Diaz Company was organized on January 1

Acc280 Financial Accounting
P9-1A
Diaz Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order.
Debits
1. Cost of filling and grading the land 4,000
2. Full payment to building contractor 700,000
3. Real estate taxes on land paid for the current year 5,000
4. Cost of real estate purchased as a plant site (land $100,000 and building $45,000) 145,000
5. Excavation costs for new building 35,000
6. Architect's fees on building plans 10,000
7. Accrued real estate taxes paid at time of purchase of real estate 2,000
8. Cost of parking lots and driveways 14,000
9. Cost of demolishing building to make land suitable for construction of new building 15,000
$930,000
Credits
10. Proceeds from salvage of demolished building $3,500

Analyze the foregoing transactions using the following column headings. Insert the amounts in the appropriate columns. (If answer is zero, please enter 0. Do not leave any fields blank. If amount decreases the balance, use either a negative sign preceding the number eg -45 or parentheses eg (45).)
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