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Seger Company was organized on January 1.

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Question;Seger Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order.Debit1.Cost of real estate purchased as a plant site (land $277,090 and building $28,440)$ 305,5302.Installation cost of fences around property6,3103.Cost of demolishing building to make land suitable for construction of new building30,3504.Excavation costs for new building13,9405.Accrued real estate taxes paid at time of purchase of real estate3,4686.Cost of parking lots and driveways31,1907.Architect?s fees on building plans37,0108.Real estate taxes paid for the current year on land7,5449.Full payment to building contractor678,310$1,113,652Credit10.Proceeds from salvage of demolished building$ 12,100Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (Please select "Not Applicable" if no account title is suitable. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)Other AccountsItemLandBuildingAmountsAccount Title1$$$ 2 3 4 5 6 7 8 9 10$$

 

Paper#38524 | Written in 18-Jul-2015

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