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Prepare a single journal entry to record these costs

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Problem - Cala Manufacturing purchases land for $421,000 as part of its plans to build a new plant. The company pays $44,300 to tear down an old building on the lot and $65,487 to fill and level the lot. It also pays construction co $1,483,200 for the new building and $93,624 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.

Reference no: EM132876817

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