Cost Concept On February 3, Snap Repair Service extended an offer of $150,000 for land that had been priced for sale at $171,000. On February 28, Snap Repair Service accepted the seller's counteroffer of $163,000. On October 23, the land was assessed at a value of $245,000 for property tax purposes. On January 15 of the next year, Snap Repair Service was offered $261,000 for the land by a national retail chain At what value should the land be recorded in Snap Repair Service's records? $ 2. Owner's equity is the right of owners to the assets of the business. These rights are and expenses. by owner's investments and revenues and by owner's withdrawals 3. Determine the net income for lune. $ 4. June's transactions (-) increased or decreased Chad Wilson's capital to? to $