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Question 5 of 8 Land Buildings Equipment $300,000 900,000 600,000 $1,800,000 Nash Company gave 12,300 shares of its $100 par value common stock in exchange. The stock had a market price of $168 per share on the date of the purchase of the property. 2. Nash Company expended the following amounts in cash between July 6 and December 15, the date when it first occupied the building. Repairs to building Construction of bases for equipment to be installed later Driveways and parking lots Remodeling of office space in building, including new partitions and walls Special assessment by city on land $63,000 81,000 -/1 E 73,200 96,600 10,800 3. On December 20, the company paid cash for equipment, $156,000, subject to a 2% cash discount, and freight on equipment of $6,300.

1. On July 6, Nash Compary acquired the plant atsets of Doonesbury Compary, which had discontinued operations. The appraised value of the property is: Nash Compary gave 12,300 shares of its $100 par value commen stockin exchange. The stock had a market price of $168 per share on the date of the purchase of the property 2 Nash Company expended the following amounts in cash between July 6 and Decembee 15 , the date when it first occupied the building 3.On December: 20 , the company paid cash for equipment: $156,000, wbject to a 2% cash dincount, and freight on equipment of 56300 No. Account Titles and Explanation Debit Credit 1. 2. 3