Reference no: EM133904717

Problem

Bridgeport 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. Cost of filling and grading the land $ 3,500 2 . Full payment to building contractor 699,000 3. Real estate taxes paid for the current year on land 4,500 4. Cost of real estate purchased as a plant site (land $ 104,500 and building $47,000) 151,500 5 . Excavation costs for new building 35,500 6. Architect's fees on building plans 10,000 7. Accrued real estate taxes paid at time of purchase of land 3,000 8. Cost of parking lots and driveways 13,500 9 . Cost of demolishing building to make land suitable for construction of new building 24,000 $944,500 Credit 10. Proceeds from salvage of demolished building $ 4,000. Get the instant assignment help. Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. (If an amount reduces the account balance then enter with a negative sign preceding the number, e.g. -15,000 or parenthesis, eg. (15,000).)