Alesha Energy purchased land in fee for $230,000, The fair market values of the surface and mineral

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Alesha Energy purchased land in fee for $230,000, The fair market values of the surface and mineral right were determined by a qualified appraise as

follows:

Surface rights $110,000

Mineral rights $180,000

$290,000

Prepare a journal entry to record the purchase.

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: May 27, 2022 07:38 AM

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Alesha Energy purchased land in fee for $230,000, The fair market values of the surface and mineral

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Using Financial Accounting Information The Alternative to Debits and Credits

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