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Problem 9-1A Sunland Company was organized on January 1. During the first year of operations,...

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Accounting

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Problem 9-1A Sunland Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Debit 1. Excavation costs for new building $13,455 2. Architect's fees on building plans 37,320 3. Full payment to building contractor 660,800 Cost of real estate purchased as a plant site (land $283,300 and building 316,000 $32,700) 38,300 5. Cost of parking lots and driveways 3,110 6. Accrued real estate taxes paid at time of purchase of real estate 7. Installation cost of fences around property 8,470 Cost of demolishing building to make land suitable for construction of new 8. building 31,000 9. Real estate taxes paid for the current year on land 7,500 $1,115,955 redit 12,400 10. Proceeds from salvage of demolished building

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