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Business, 25.06.2021 03:20 ghernadez

Cala Manufacturing purchases land for $411,000 as part of its plans to build a new plant. The company pays $30,500 to tear down an old building on the lot and $45,087 to fill and level the lot. It also pays construction costs $1,726,400 for the new building and $108,976 for lighting and paving a parking area. Prepare a single journal entry to record the costs incurred by Cala, all of which are paid in cash.

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Cala Manufacturing purchases land for $411,000 as part of its plans to build a new plant. The compan...
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