Givens Retail Purchased Land for a New Parking Lot for $125,000.The

Multiple Choice

Givens Retail purchased land for a new parking lot for $125,000.The paving cost $175,000 and the lights to illuminate the new parking area cost $60,000.Which of the following statements is true with respect to these additions?

A) $300,000 should be debited to the Land account.
B) $235,000 should be debited to Land Improvements.
C) $360,000 should be debited to the Land account.
D) $360,000 should be debited to Land Improvements.