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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
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 $320,000 in cash. Record the purchase in the journal, identifying each lot's cost in a separate Land the computed percentages throughout. (Record a single compound journal entry. Record debits first, then credi journal entry table.) Data table
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