VII View Policies Current Attempt in Progress Presented below is information related to Wildhorse Company. 1. On July 6, Wildhorse Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is: Land $600,000 Buildings 1,800,000 Equipment 1.200,000 Total $3,600,000 Wildhorse Company gave 12,500 shares of its $100 par value common stock in exchange. The stock had a market price of $168 per share on the date of the purchase of the property 2. Wildhorse Company expended the following amounts in cash between July 6 and December 15, the date when it first occupled the building. (Prepare consolidated entry for all transactions below.) Repairs to building $210.000 Construction of bases for equipment to be installed later 270.000 Driveways and parking lots Remodeling of office space in building including new partitions and walls 322.000 Special assessment by city on land 36.000 244.000 3.On December 20. the company paid cash for equipment: $520.000 subject to a 26 cash discount and freighton equipment of $21.000 Prepare entries on the books of Wildhorse Company for these transactions (Round intermediate calculations to 5 decimal proces, 23 1 25124 and final answer to decimal places eg. 58,971. 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 for the amounts. No. Account Titles and Explanation Debit Credit 3.On December 20, the company paid cash for equipment, $520,000, subject to a 2% cash discount, and freight on equipment of $21.000 Prepare entries on the books of Wildhorse Company for these transactions. (Round intermediate calculations to 5 decimal places, es 125124 and final swer to decimal placeses. 58,971. 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 for the amounts) No. Account Titles and Explanation 1 Debit Credit 1 3 Textbook and Media List of Accounts