on July 6, Blossom company acquired

CALCULATOR PULL SCREEN PRINTER VERSION MO N EX Exercise 10-13 Presented below is Information related to Blossom Company 1. On July 6, Blossom Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is: Land Buildings Equipment Total $361,000 1,083,000 722.000 $2,166,000 Blossom Company gave 12,500 shares of its $100 par value common stock in exchange. The stock had a market price of $218 per share on the date of the purchase of the property 2. Blossom Company expended the following amounts in Cash between July 6 and December 15, the date when it first occupied the building (Prepare consolidated entry for transactions below) Repairs to building $109,060 Construction of bases for equipment to be installed later 133,800 Driveways and parking lots 125,350 Remodeling of office space in building, including new partitions and walls 147.870 Special assessment by city on land 19,780 3. On December 20, the company paid cash for equipment, $303,500, subject to a 2% cash discount, and freight on equipment of $10,670. CALCULATOR FULL SCREEN PRINTER Prepare entries on the books of Blossom Company for these transactions. (Round Intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to od 58,971. Credit account sites are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the ag O for the amount.) No. Account Titles and Explanation Debit