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Westwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows: (Click the icon to view

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Westwood Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows: (Click the icon to view the values.) Westwood paid $210,000 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.) Data Table Date Accounts and Explanation Lot Appraised Value LandLot 1 LandLot 2 Lot 1 $ 175,000 Lot 2 100,000 LandLot 3 Lot 3 225,000 Cash To record purchase of the lots with cash. Print Done

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