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Business, 06.04.2021 02:10 Spacexx

Exercise 8-2 (Algo) Recording costs of assets LO C1 Cala Manufacturing purchases land for $305,000 as part of its plans to build a new plant. The company pays $25,600 to tear down an old building on the lot and $37,843 to fill and level the lot. It also pays construction costs $1,316,800 for the new building and $83,120 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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Exercise 8-2 (Algo) Recording costs of assets LO C1 Cala Manufacturing purchases land for $305,000 a...

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