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Deadwood Properties bought three lots in a subdivision for a lump-sum price. An independent appreiser valued the lots as follows: E E (Click the icon

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Deadwood Properties bought three lots in a subdivision for a lump-sum price. An independent appreiser valued the lots as follows: E E (Click the icon to view the values.) Deadwood paid $435,000 in cash. Record the purchase in the joumal, identifying each lofs 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 joumal entry table.) \begin{tabular}{crr} \hline Lot & Appraised Value \\ \hline Lot 1 & $ & 69,000 \\ Lot 2 & & 184,000 \\ Lot 3 & 207,000 \\ \hline \end{tabular}

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