Concord Corporation purchased land as a factory site for $1350000. Concord paid $115000 to tear down two buildings on the land. Salvage was sold for $8400. Legal fees of $5220 were paid for title investigation and making the purchase. Architect's fees were $46600. Title insurance cost $3500, and liability insurance during construction cost $3800. Excavation cost $15000. The contractor was paid $4400000. An assessment made by the city for pavement was $9900. Interest costs during construction were $259000. The cost of the land that should be recorded by Concord Corporation is

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.