On October 10 Givens Retail Purchased a Parking Lot for Cash

Multiple Choice

On October 10 Givens Retail purchased a parking lot for cash of $360000.The cost of the land was $175000.The paving cost $125000 and the lights to illuminate the new parking area cost $60000.Use the following tabular analysis to record the transaction.

A) Increase Land and decrease Cash $360000.
B) Increase Land $175000 increase Land Improvements $185000 and decrease Cash $360000.
C) Increase Land $300000 increase Land Improvements $60000 and decrease Cash $360000.
D) Increase Land Improvements and decrease Cash $360000.