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Maplewood Properties bought three lots in a subdivision for a lumpsum price. An independent appraiser valued the lots as follows: !! Click the icon to

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Maplewood Properties bought three lots in a subdivision for a lumpsum price. An independent appraiser valued the lots as follows: !! Click the icon to view the values.) Maplewood paid $355,000 in cash Record the purchase in the journal identifying each lot's cost in a separate and account Round decimals to two places and use the computed percentages throughout Hecorda single compound journal entry Record debits first, then credits Select the explanation on the last line of the journal entry table) Debit Credit Accounts and Explanation . An independent appraiser valued the lots as follows: tifying each lot's cost in a separate Land account. Round decimals to two pla xplanation on the last line of the journal entry table.) Data Table Lot Appraised Value 144,000 96,000 240,000 Print Done en click Check

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