CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 10-13 Presented below is information related to Martinez Company. 1. On July 6, Martinez Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is: Land Buildings Equipment Total $362,000 1,086,000 724,000 $2,172,000 in bobo Martinez Company gate 12,500 shares of its $100 par value common stock in exchange. The stock had a market price of $235 per share on the date of the purchase of the property. 2. Martinez Company expended the following amounts in cash between July 6 and December 15, the date when it first occupied the building. (Prepare consolidated entry for all transactions below.) Repairs to building Construction of bases for equipment to be installed later Driveways and parking lots Remodeling of office space in building, including new partitions and walls Special assessment by city on land $103,140 126,440 113,060 169,070 16,570 3. On December 20, the company paid cash for equipment, $254,600, subject to a 2% cash discount, and freight on equipment of $11,350. Prepare entries on the books of Martinez Company for these transactions. (Round Intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit No. Account Titles and Explanation Help ---INNE ALLvunung, 16 System Announcements CALCULATOR PRINTER VERSION for the amounts.) BACK NEXT No. Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work! SHOW LIST OF ACCOUNTS INVITATEYT