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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

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.)
entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
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.) entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Data table
\table[[Lot,Appraised Value,],[Lot 1,$,125,000],[Lot 2,,325,000],[Lot 3,50,000,]]

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