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Business, 16.04.2021 04:20 lilbuh

Cala Manufacturing purchases land for $451,000 as part of its plans to build a new plant. The company pays $31,900 to tear down an old building on the lot and $47,156 to fill and level the lot. It also pays construction costs $1,349,900 for the new building and $85,210 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 $451,000 as part of its plans to build a new plant. The compan...

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