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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: E (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: E (Click the icon to view the values.) Boltwood paid $435,000 in cash. Record the purchase in the journal, identifying each lot's cost in a separate Land account. Rou decimals to two places, and use the computed percentages throughout. (Record a single compound journal entry Record debits fir then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Credit Debit 261,000 LandLot 1 Land-Lot 2 Land-Lot 3 61 250 12,500 435,000 Cash To record purchase of the lots with notes payable. N Choose from any list or enter any - X Data Table Help Me Solve This neck Answer Lot Lot 1 Appraised Value S 75,000 175,000 250,000 Lot 2 Lot 3

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