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Please have this answered and explained thank you! Southwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the
Please have this answered and explained thank you!
Southwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows: (Click the icon to view the values.) Southwood paid $265,000 in cash. Record the purchase in the journal, identifying each lot's cost in a separate Land account. Round decimals to two places, and use the computed percentages throughout. (Record a single compound joumal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Data table
Please have this answered and explained thank you!
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