1. Assign each payment and receipt to Land (unlimited life), Land Improvements (limited life), Building, or Other Accounts. Choose the correct account from the dropdown list for each letter and enter the appropriate amount. Enter receipts as negative amounts using the minus sign.

amoone. Enter rectipta his negative amounts uaing the minus sgn. 2. Determine the amount debited to Land, Land Improvements, and Building. Allocating peyments and receipts to fixed asset accounts The following pavments and receipts are related to land, land improvements, and buildings acquired for use in a wholesale ceramic business. The receipts are identified by an asterisk