Pitney Company purchased an office building, land, and furniture for $790,300 cash. The appraised value of the assets was as follows. Land Building Furniture Total Required a. Compute the amount to be recorded on the books for each asset. b. Show the purchase in a horizontal statements model. c. Prepare the general journal entry to record the purchase. $ 159,324 230,135 495,676 $ 885, 136 Complete this question by entering your answers in the tabs below. Required A Required B Required C 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 Furniture Total Allocated Cost 4 of 6 www Next >

Pitney Company purchased an office building. land, and furniture for $790,300 cash. The appraised value of the assets was as follows. Required a. Compute the amount to be recorded on the books for each asset. b. Show the purchase in a horizontal statements model. c. Prepare the general journal entry to record the purchase: Complete this question by entering your answers in the tabs below. 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.) Complete this question by entering your answers in the tabs below. Record the purchase in a horizontat statements model. (In the Statement of Cash Flows column, use the initats on to designate operating activity, IA for investing activi to indicate that an element is not affected by the event. Enter any decreases to account, balances and cash outhows with a minus sign, Do not round intermediate calcul nearest whole dollar.) Prepare the general journal entry to record the purchase. (Do not round intermediate calculations. Round your final answers to nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required", in the first account field.) Journal entry worksheet Record purchase of land, building and furniture for cash. Note: Enter debits before credits