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

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Boltwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows: (Click the icon to view the values.) Boltwood paid $400,000 in cash. Record the purchase in the journal, identifying each lot's cost in a separate La computed percentages throughout. (Record a single compound journal entry. Record debits first, then credits. S table.) Data table Lot Appraised Value Date Accounts and Explanation Debit Cred Lot 1 $ 225,000 Lot 2 150,000 Lot 3 125,000 Print Done

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