A company needed a new building. It found a suitable location with an existing old building on the land. The company reached an agreement to buy the land and the building for $960,000 cash. The old building was demolished to make way for the needed new building. Following is information regarding the demolition of the old building and construction of the new one: 
Prepare a single journal entry to record the above costs assuming all transactions are paid in cash.
Definitions:
Suing
The act of bringing a lawsuit against an individual or entity, seeking legal remedy for damages or enforcement of a right.
Former Client
An individual who has previously received services or professional assistance from a provider but is no longer doing so.
Notify the Organization
The act of informing a business or institution about important or relevant information, incidents, or changes.
Failure to Follow a Standard of Care
A situation in which a healthcare professional does not adhere to an established set of clinical guidelines or protocols, potentially leading to patient harm.
Q18: Amounts owed by customers from credit sales
Q18: Loong Industries collected $17,350 of sales tax
Q38: A company ages its accounts receivables to
Q43: Marshall Company's bank reconciliation as of August
Q64: Cash registers, check protectors, time clocks and
Q84: It can be expected that companies that
Q102: During August, Boxer Company sells $356,000 in
Q119: Craigmont uses the allowance method to account
Q128: Jones Pharmacy agreed to pay $2,000 monthly
Q169: Having external auditors test the company's financial