Boltwood

Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows:

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Boltwood

paid

$415,000

in cash. Record the purchase in the journal, identifying each lot's cost in a separate Land account. Round decimals to two places, and use the computed percentages throughout. (Record a single compound journal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

0-18 (similar to) twood Properties bought three lots in a subdivision for a lumpsum price. An Independent appraiser valued the lots as follows (Click the icon to view the values.) wood paid $415,000 in cash. Record the purchase in the journal, identifying each lors cost in a separato Land account. Round decimals to two places, and to the computed percentages throw tsSelect the explanation on the last line of the journal entry table) Debit Credit Accounts and Explanation Land Lot LandLot 2 Land Lot 3 Coo To record purchase of the lots with cos Data Table Lot Lot 1 Lot 2 Lot 3 Appraised Value 5 126.000 273,000 21,000 Print Done bu