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Riverbed Company purchased office equipment for $ 5 1 , 9 0 0 , terms 1 1 0 , n 3 0 . Because the

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Riverbed Company purchased office equipment for $51,900, terms 110,n30. Because the company intended to take the discount,
it made no entry until it paid for the acquisition. The entry was:
Marin Inc. recently received at zero cost land from the Village of Wellington as an inducement to locate its business in the Village.
The appraised value of the land is $172,800. The company made no entry to record the land because it had no cost basis.
Headland Company built a factory for $1,080,000. It could have purchased the building for $1,296,000. The controller made the
following entry,
Prepare the entry that should have been made at the date of each acquisition. (Round intermediate calculations to 4 decimal palces, es.
0.5648 and final answers to 0 decimal places, es.5,275. Credit account titles are automatically indented when amount is entered. Do not
indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit
entries.)
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