Business, 05.05.2020 05:03 nicolesan3

Cala Manufacturing purchases land for $477,000 as part of its plans to build a new plant. The company pays $40,700 to tear down an old building on the lot and $60,165 to fill and level the lot. It also pays construction costs $1,535,600 for the new building and $96,932 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.

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Cala Manufacturing purchases land for $477,000 as part of its plans to build a new plant. The compan...

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