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QS 8-3 (Static) Lumpsum purchase of assets LO C1 Diego Company paid $180.000 cash to acquire a group of items consisting of land appraised at

QS 8-3 (Static) Lumpsum purchase of assets LO C1 Diego Company paid $180.000 cash to acquire a group of items consisting of land appraised at $50,000 and a building appraised at $150,000. Allocate total cost to these two assets and prepare an entry to record the purchase. Complete this question by entering your answers in the tabs below Total Cost General Journal

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