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eBook Print Question 2 Not complete Marked out of 8.00 Recording a Lump-Sum Acquisition Flag question Freeman Company purchased a tract of land on

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eBook Print Question 2 Not complete Marked out of 8.00 Recording a Lump-Sum Acquisition Flag question Freeman Company purchased a tract of land on which were located a warehouse and an office building. The cash purchase price was $252,000 plus $18,000 in fees connected with the purchase. The following information relates to the property. Land Warehouse Building $36,000 72,000 108,000 Tax Seller's Original Assessment Book Value Cost $18,000 $18,000 36,000 108,000 90,000 144,000 Prepare the journal entry to record this purchase. Account Name Dr. Cr. Land Warehouse Building Cash Check

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