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Riverwood Tanning Salon bought three tanning beds in a $11,000 lump-sum purchase. An independent appraiser valued the tanning beds as follows: (Click the icon to
Riverwood Tanning Salon bought three tanning beds in a $11,000 lump-sum purchase. An independent appraiser valued the tanning beds as follows: (Click the icon to view the appraised values.) Riverwood Tanning Salon paid $5,500 in cash and signed a note payable for $5,500. Record the purchase in the journal, identifying each tanning bed's cost by number in a separate Tanning Bed account. Round decimals to three places. (Round decimals to three places when calculating proportions, and use your computed proportions throughout, X.XXX. Record debits first, then credits. Exclude explanations from all journal entries.) Journal Entry Date Accounts Debit Credit Data table Tanning Bed 1 $ 2 3 Appraised Value Print Done 1,800 600 9,600
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