puilding, the land had to be cleared of trees and brush. Construction costs incurred during the first year are listed p-1B The Italian Pizza Company purchased land as a factory site for $90,000. Prior...

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Extracted text: puilding, the land had to be cleared of trees and brush. Construction costs incurred during the first year are listed p-1B The Italian Pizza Company purchased land as a factory site for $90,000. Prior to construction of the new T5-Use the following information to determine the amounts capitalized to the Land and ding accounts, helow: Land clearing costs $ 5,000 Sale of firewood to a worker (400) Architect fees (for new building) 30,000 Title investigation of land 3,500 Property taxes on land (for the first year) 3,000 Building construction costs 400,000 1. Calculate amount capitalized to land and record the journal entry. 2. Calculate the amount capitalized to building and record the journal entry. Hoos 3.000 2.000 000 Made by Dr. Baaske – Do not share.