On Sep 12, 2020 ABC company paid cash of $370,250 for real estate plus $15,230 cash...
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On Sep 12, 2020 ABC company paid cash of $370,250 for real estate plus $15,230 cash in lawyer costs and 34,250 in survey cost. The real estate has a reference appraised value from a recent purhcase in the market at $166,320, Land improvement appraised at $55,440, building appraised at $174,240. please show the lump sum allocation and record the journal entry for it. On Sep 12, 2020 ABC company paid cash of $370,250 for real estate plus $15,230 cash in lawyer costs and 34,250 in survey cost. The real estate has a reference appraised value from a recent purhcase in the market at $166,320, Land improvement appraised at $55,440, building appraised at $174,240. please show the lump sum allocation and record the journal entry for it.
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Answer rating: 100% (QA)
370250 15230 34250 419730 cash cost lawyer costs survey cost Total Pu... View the full answer
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
Posted Date:
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