Indicate for Each Transaction Below the Account(s) and Amount(s) That

Indicate for each transaction below the account(s) and amount(s) that should be debited and credited. Use abbreviated account titles. $\begin{array}{|l|l|l|}\hline \text { tem } & \text { Accounts } & \text { Amounts } \\\hline \text { (a) Jan. 1, } 2001 \text { purchased land with a usable office building thereon for cash of } \$ 200,000 \text {. Tax } & & \\\text { assessment values: Land } \$ 20,000 \text {; building } \$ 60,000 & & \\\hline\text { (b) Jan. 1. 2001 purchased land for future building site for a cash cost of \( \$ 40.000 \); an old building on}\\\text {this site, appraised at \( \$ 2,000 \) at the date of purchase, is to be torn down immediately. }\\\hline\text { (c) Net cash cost of demolishing the old building in (b) above amounted to \( \$ 2,000 \).}\\\hline\text {(d) Cash cost of excavation for basement of the new building (b above) was \( \$ 6.000 \). }\\\hline\text {(e) Lawyers' fees paid in connection with purchase of real estate in (b) \( \$ 900 \). }\\\hline\text {(f) Taxes paid on land purchased in (b) assessed before completion of building. \( \$ 300 \). }\\\hline\text {(g) Factory superintendent's salary for 2001 was \( \$ 24,000 \). During 2001, the superintendent spent the }\\\text { first six months supervising construction of the new building; the next three months supervising }\\\text { installation of productive machinery in the new building. and the last three months supervising }\\\text {operations in the new building. }\\\hline\text { (h) Cost of grading and paying parking space and walks behind new building. } \$ 9.500 \text {. }\\\hline\end{array}$