Eastwood 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.$)$

Eastwood paid $$210,000$ in cash. Record the purchase in the journal, identifying each lot's cost in a separate Land account. Round decimals to two throughout. $($Record a single compound journal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Data table

Lot

Lot $1$

Lot $2$

Lot $3$

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places, and use the computed percentages