Amy’s Tanning Salon bought three tanning beds in a $ 20,000 lump- sum purchase. An independent appraiser valued the tanning beds as follows:

Tanning Bed Appraised Value

1..........................................$ 7,000

2.......................................... 8,000

3.......................................... 11,000

Amy’s Tanning Salon paid $ 10,000 in cash and signed a note payable for $ 10,000 Record the purchase in the journal, identifying each tanning bed’s cost by number in a separate Tanning Bed account. Round decimals to three places.