Exercise 8-6A Allocating costs for a basket purchase LO 8-1 Pitney Co. purchased an office building, land, and furniture for $732,900 cash. The appraised value of the assets was as follows: Land Building Furniture Total $ 106,710 303,714 410,424 $820, 848 Required a. Compute the amount to be recorded on the books for each asset. b. Show the purchase in a horizontal statements model like the following one: c. Prepare the general journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the amount to be recorded on the books for each asset. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Allocated Cost Land Building Furniture Total S 0 Required A Required B > Saved He Exercise 8-6A Allocating costs for a basket purchase LO 8-1 Pitney Co. purchased an office building, land, and furniture for $732,900 cash. The appraised value of the assets was as follows: Land Building Furniture Total $106, 710 303,714 410, 424 $820,848 Required a. Compute the amount to be recorded on the books for each asset. b. Show the purchase in a horizontal statements model like the following one: c. Prepare the general journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required A Required B Required Show the purchase in a horizontal statements model like the following one: (Do not round intermediate calculations. Round your final answer column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change in cash and N account balances with a minus sign.) PITNEY CO. Statements Model Equity Assets Revenue Expenses Net Income Cash Flow Cash Land Building Furn. Required A Required B Required Prepare the general journal entry to record the purchase. (Do not round intermediate calculations. Round your final answers to nea whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet