Homework: Week 6 - Chapter 09 exercises Score: 0 of 1 pt E10-18 (similar to) Riverwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows Save 5 of 9 (3 complete) HW Score: 29.21%, 2.63 of 9 pts Question Help (Click the icon to view the values.) Riverwood paid $380,000 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 joumal entry table.) Date Accounts and Explanation Debit Credit Land Lot 1 Land-Lot 2 Land-Lot 3 Cash To record purchase of the lots with cash. 380000 Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All