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

$\backslash$table$[[$Lot$,$Appraised Value,$],[$Lot $1,$$$,125,000],[$Lot $2,,325,000],[$Lot $3,50,000,]]$