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Pitney Co. purchased an office building, land, and furniture for $660,000 cash. The appraised value of the assets was as follows: Land $147,840 Building
Pitney Co. purchased an office building, land, and furniture for $660,000 cash. The appraised value of the assets was as follows: Land $147,840 Building Furniture Total 221,760 369,600 $739,200 Required a. Compute the amount to be recorded on the books for each asset. b. Record the purchase in a horizontal statements model
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