On July 1, 2009, Jekel & Hyde Inc

On July 1, 2009, Jekel & Hyde Inc. purchased land and incurred other costs relative to the construction of a new warehouse. A summary of economic activities is listed below:
Required:
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.
$$\begin{array} { l r } \text { Purchase price } & \$ 185,000 \\\text { Title insurance } & \$ 1,500 \\\text { Legal fees to purchase land } & \$ 1,000 \\\text { Cost of razing old building on lot } & 8,500 \\\text { Proceeds from sale of salvageable materials } & ( 1,200 ) \\\text { Property taxes, January 1, 2009 - June } 30,2009 & 3,000 \\\text { Cost of grading and filling building site } & 9,000 \\\text { Cost of building construction } & 620,000 \\\text { Interest on construction loan } & 12,000 \\\text { Cost of constructing driveway } & 8,000 \\\text { Cost of parking lot and fencing } & 12,000\end{array}$$