Ch12_P01B - WebSpeed Technologies General Journal Trans....

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 12-1B Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Schedule M1 M5:R28 General Journal U1 U5:Y27 Given Data AB1
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REPORT REFERENCE General Journal U1 Given Data AB1 0 0 SPATS Problem 12-1B WebSpeed Technologies Schedule Land Land Building Building Improvements Improvements Land B C B C * Allocation of Purchase Price: Appraised Percentage Apportioned Value of Total Cost
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REPORT REFERENCE Schedule M1 Given Data AB1 0 0 SPATS Problem 12-1B
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Unformatted text preview: WebSpeed Technologies General Journal Trans. Date Account Titles no. Debit Credit Given Data: WebSpeed Technologies Purchase price for land and 2 buildings $1,350,000 Building B Appraised value 472,770 Lighted parking lot improvements Appraised value 125,145 Appraised value of land only 792,585 Cost to demolish Building A 117,000 Cost of additional landscaping 172,500 Cost to construct Building C 1,356,000 Cost of new land Improvements -Land Improvements C 101,250 Check figure: Part 2 Dr Land 1,059,000...
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This note was uploaded on 08/22/2009 for the course ACCT 1101 taught by Professor Davescott during the Fall '05 term at Niagara College.

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Ch12_P01B - WebSpeed Technologies General Journal Trans....

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