land for $850,000. By the end of the month, $72,000 has been spent on excavation costs, $12,000 on paving, and $30,000 o

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Land For 850 000 By The End Of The Month 72 000 Has Been Spent On Excavation Costs 12 000 On Paving And 30 000 O 1 (47.87 KiB) Viewed 47 times

land for $850,000. By the end of the month, $72,000 has been spent on excavation costs, $12,000 on paving, and $30,000 on architect-developed plans. Green Grocer Inc. also spent $400 to replace a tree on a neighbouring property that was damaged by the excavator. Determine the amounts to be allocated to the various accounts, using Construction in Progress for the new building costs. On October 11, 2014, Usher Company purchased a building for $2,250,000. The building, land, and land improvements were valued at $1,440,000, $840,000, and $120,000 respec- tively. Prepare the journal entry for the lump-sum purchase. On May 27, Linoleum Associates Co. paid $250 to repair the brakes on one of its delivery vans. In addition, Linoleum Associates paid $450 to install a GPS system in its van. for the brakes and GPS system expenditures.