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Pitney Co. purchased an office building, land, and furniture for $618,600 cash. The appraised value of the assets was as follows: Land Building Furniture Total

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Pitney Co. purchased an office building, land, and furniture for $618,600 cash. The appraised value of the assets was as follows: Land Building Furniture Total $110,853 193,993 387,986 $692.832 Required a. Compute the amount to be recorded on the books for each asset. b. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount to be recorded on the books for each asset. (Do not round Intermediate calculations. Round your final answers to nearest whole dollar.) Land Building Allocated Cost $ 98,880 173,040 346,080 $ 618,000 Fumture Required 8 >

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