Problem 10-1A (P10-1A) Diaz Company was organized on January 1. During
the first year of operations, the following plant asset expenditures and
receipts were recorded in random order:
1. Cost of filling and grading the land $4,000
2. Full payment to building contractor $700,000
3. Real estate taxes on land paid for the current year
AND SO ON
9. Cost of demolishing building to make land suitable for construction of new building $15,000
Total $930,000
Instructions:
Analyze the foregoing transactions using the following column headings.
Insert the number of each transaction in the Item space, and insert the
amounts in the appropriate columns. For amounts entered in the Other
Accounts column, also indicate the account titles.
Click here for the solution: Diaz Company was organized on January 1
