Question
Maplewood Properties bought three lots in a subdivision for a? lump-sum price. An independent appraiser valued the lots as? follows: LOADING...?(Click the icon to view
Maplewood Properties bought three lots in a subdivision for a? lump-sum price. An independent appraiser valued the lots as? follows: LOADING...?(Click the icon to view the? values.) Maplewood paid $ 355 comma 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 journal entry? table.)
lot 1-----76,500
lot 2-----229,500
lot 3-----204,000
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