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S 285 Final Exam X WAS Assessment Player Tool X + sessment-player/timed/assessments/e144e647e0221557bf1de51072cofeb4f18816c4a3fb7bf156c2b535a40 8, Carla Vista Ltd. had the following transactions related to the purchase of property. Assume al 2 million, paying $299,600 cash and signing a mortgage payable for the balance. The site had a illion and $97,800, respectively. The old building will be demolished and a new apartment buildi n the real estate purchase of February 7. e old building and make the land ready for the construction of the apartment building. sale of material from the demolished building. d in preparation for the construction of the apartment building. 90 to design the apartment building. n of the apartment building was $2.7 million. Paid $701,390 cash and signed a bank loan payab ance policy on the finished building for $10,380. of sidewalks and a parking lot for the building. edit account titles are automatically indented when the amount is entered. Do not indent manually. If r cord journal entries in the order presented in the problem.) d Explanation Debit Credit O