Excercise E10 2
2
Land Cash price ofproperty $90,000.00 Net removal cost of warehouse $4,900.00 Attorney's ees $!,!00.00 "eal #state ro%er's Commission $&,000.00 Cost ofLand $!0!,000.00 e(it Credit Land $!,0!0,000.00 Cash $!0!,000.00 e(it Credit uildin) Account $*,+00.00 Cash $*,+00.00 e(it Credit Land mprovement $!4,000.00 Cash $!4,000.00
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Transcript of Excercise E10 2
Sheet1Cash price of property$90,000.00Net removal cost of warehouse$4,900.00Attorney's Fees$1,100.00Real Estate Broker's Commission$5,000.00Cost of Land$101,000.00DebitCreditLand$1,010,000.00Cash$101,000.00DebitCreditBuilding Account$7,800.00Cash$7,800.00DebitCreditLand Improvement$14,000.00Cash$14,000.00
&C&18Land
Sheet2
Sheet3
MBD0813825A.doc
Land
Cash price of property
$ 100,000
Net removal cost of warehouse
6,000
Attorneys fee
1,000
Real estate brokers commission
8,000
Cost of land
$ 115,000
