Auto Shop, Inc., incurred the following costs in acquiring plant assets:

a. Purchased land with a $100,000 down payment and signed a $75,000 note payable for the balance.
b. Delinquent property tax of $2,500 and legal fees of $1,000 had to be paid before the land could be purchased.
c. $12,000 was paid to demolish an unwanted building on the land.
d. Architect fee of $7,000 was paid for the design of a new office building.
e. An office building was constructed at a cost of $500,000. A long-term note payable was used to pay for the cost.
f. $17,500 was paid for fencing around the new building. $55,000 was paid for paving the parking lot by the new building.
g. $20,000 was paid for lights in the new parking lot.
h. $10,000 was paid for a sprinkler system for the bushes and grass.

Required:
Prepare journal entries for the above transactions. Explanations are not required.

Accounts Debit Credit
a. Land 175,000
Cash 100,000
Note Payable 75,000

b. Land 3,500
Cash 3,500

c. Land 12,000
Cash 12,000

d. Building 7,000
Cash 7,000

e. Building 500,000
Note Payable 500,000

f. Land Improvements 72,500
Cash 72,500

g. Land Improvements 20,000
Cash 20,000

h. Land Improvements 10,000
Cash 10,000