Question: need only answer ASAP I HAVE ONLY 10 min Attempt in Progress On October 10, Carla Vista Retail purchased a parking lot for cash of
Attempt in Progress On October 10, Carla Vista Retail purchased a parking lot for cash of $340000. The cost of the land was $145000. The paving cost $125000 and the lights to illuminate the new parking area cost $35000. Use the following tabular analysis to record the transaction Liabilities Assets Land Cash + Land Improvements Stockholders' Equity Common Retained Earnings Stock Rev. Exp. Div. Oct 10 Increase Land improvements and decrease Cash $340000 O Increase Land and decrease Cash $340000, O Increase Land $145000, increase Land improvements $160000 and decrease Cash $340000 Increase Land $270000, increase Land improvements 535000 and decrease Cash $340000
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