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(simi. Points: 0.67 of 1 Save follows: Eastwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots

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(simi. Points: 0.67 of 1 Save follows: Eastwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as (Click the icon to view the values.) Eastwood paid $400,000 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.) Date Accounts and Explanation Debit Credit - Data table Lot Lot 1 Appraised Value $ 210,000 189,000 21,000 Lot 2 Lot 3 Eastwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows: E (Click the icon to view the values.) Eastwood paid $400,000 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.) Date Accounts and Explanation Debit Credit - Data table Lot Lot 1 Appraised Value $ 210,000 189,000 21,000 Lot 2 Lot 3

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