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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 $245,000 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.) Date Accounts and Explanation Debit Credit A Data Table Land-Lot 1 Land-Lot 2 Land-Lot 3 Lot Appraised Value 70,500 235,000 164,500 N w Print Done

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