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Deadwood 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
Deadwood 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.) Deadwood paid $415,000 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 C Debit Credit Time Limit 01:10:00 Next 1227 AM K This question: 5 point(s) possi Deadwood Properties bought three lots in a subdivision for a lump sum orice. An independent annraiser valued the lots as follows: (Click the icon to view t Deadwood paid $415,000 in percentages throughout. (R Data table - X rate Land account. Round decim he explanation on the last line of t Date Lot Appraised Value Lot 1 $ 207,000 Lot 2 230,000 Credit Lot 3 23.000 Print Done
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