r $9$ Homework

Help

Sav

Tonto Company purchased all property for $$280,000.$ The property included a building, equipment, and land. The building was appraised at $$175,000,$ the land at $$126,000,$ and the equipment at $$49,000.$

Required:

Prepare journal entries to record the above transactions assuming all the basket purchase was paid for using cash. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

A

Tonto Company purchased all property for $$280,000.$ The property included a building, equipment, and land. The building was apraised at $$175,000,$ the land at $$126,000,$ and the equipment at $$49,000.$ Prepare the journal entry to record the property basket purchase.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$