The writer is very fast, professional and responded to the review request fast also. Thank you.
On July 1, 2011 Jekel & Hide Inc. purchased land and incurred other costs relative to the construction of a new warehouse. A summary of economic activities is listed below:Purchase price: 185,000Title insurance: 1,500Legal fees to purchase land: 1,000Cost of razing old building on lot: 8,500Proceeds form sale of salvageable materials: (1,200)Property Taxes, January 1,2011 – June 30,2011: 3,000Cost of grading and filling building site: 9,000Cost of building construction : 620,000INterest on construction loan; 12,000Cost of construction driveway; 8,000Cost of parking lot and fencing: 12,000Requirement:Please help me to indicate the accounts that would be affected by the above transactions and the resulting balance in each account. Apply the interest on the construction loan to the cost of the building only.
SOLUTION:PARTICULARSPurchase PriceTitle insuranceLegal fees to purchase landCost of razing old building on lotProceeds form sale of salvageable materialsProperty Taxes, January 1,2011 – June…
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more