Plant acquisitions for selected companies are as follows.

Exercise 10-6 Your answer is partially correct. Try again. Plant acquisitions for selected companies are as follows. 1. Riverbed Industries Inc. acquired land, buildings, and equipment from a bankrupt company, Torres Co, for a lump-sum price $750,000. At the time punte Toner Book Values Appraisal Values Land $216,000 $162,000 Buildings 270,000 378,000 Equipment 324,000 324,000 To be conservative, the company decided to take the lower of the two values for each asset acquired. The following entry was made Land Buildings Equipment Cash 162,000 270.000 324,000 756,000 2. Marin Enterprises purchased store equipment by making a $2.160 cash down payment and signing a 1-ya 12.04, 105 The harde 29,484 2.160 24,840 Equipment Cash Notes Payable 29,484 Equipment Cash Notes Payable Interest Payable 2,160 24,840 2,484 3. Headland Company purchased office equipment for $19,700, terms 2/10, 1/30. Because the company intended to take the stryd Equipment 19,700 Cash 19,306 Purchase Discounts 394 4. Sage Inc. recently received at zero cost land from the Village of Cardassia as an inducement to locate the S. Pronghorn Company built a warehouse for $548,000. It could have purchased the building for 3790-200. The contro Buildings 799,200 645.000 Cash 151,200 Profit on Construction Credit Debit Prepare the entry that should have been made at the date of each acquisition (Roma amount is entered. Do not indent manually. If no entry is required, select "No abry No. Account Titles and Explanation 1. Thand Goulding Debit Credit No. Account Titles and Explanation V 1. Land Buildings Equipment Cash 2. Equipment Cash Notes Payable JUIDDODI 3. Equipment Accounts Payable Buildings OSY Policy 20 2021 Notes Payable 3. Equipment Accounts Payable X 4. Buildings DUODIII x x 5. Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT