Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows:

paid

$210,000

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 journal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Deadwood Proceries bought the new busion for altum price An Independent realed the Click the con to view Seve) Deadwood paid 1210,000 in can con the purchase in the journal erg nachoscow in a more Land out our comissa two places and no computed persoxhout Record a single compound una entry Records in the credits. Select the explanation on the lastne of ouma entre De Debit Credit Accounts and Explanation Land Lot Landa cardo Cih Doordaches of the late with Data table Lot Lot 1 Lot 2 Lot 3 Apped Value 1 125.000 325.000 10.000 Print Done abhi Tin ton fint mom hain Gears Check Deadwood 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.) Deadwood paid $210,000 in cash. Record the purchase in the journal, identifying each lot's cost in a separate Land account. Round decimals entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Dato Accounts and Explanation Debit Credit Land-Lot 1 Accumulated Depreciation Building Cash - Depreciation Expense Gain on Disposal Land-Lot 1 Land-Lot 2 Value 25,000 25,000 50,000 Land-Lot 3 Loss on Disposal Notes Payable one Deadwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as fo follows: Click the icon to view the values.) Deadwood paid $210,000 in cash. Record the purchase in the Journal, identifying each lot's cost in a separate Land account. Round decimals te entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Dato Accounts and Explanation Debit Credit LandLot 1 Land-Lot 2 Land Lot 3 Cash To record purchase of the lots with cash. anley To record depreciation on lots. To record purchase of the lots with cash. To record purchase of the lots with notes payable. To record sale of lots. /alue 25,000 325,000 50,000 Lot 2 Lot 3 Print Done Help me solve this Etext pages Get more hain