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Pitney Company purchased an office building, land, and furniture for $631,100 cash. The appraised value of the assets was as follows. Required a. Compute the
Pitney Company purchased an office building, land, and furniture for $631,100 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
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