Question Help Riverwood Properties bought three lots in a subdivision for a lumpsum price. An independent appraiser valued the lots as follows (Click the icon to view the values.) Riverwood paid $245,000 in cash. Record the purchase in the journal, identifying each lots cost in a separate Land account. Round decimals to two places, and use the computed percentages throughout (Record a single compound journal entry Record debits first, then credits. Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Lanvin Credit 11 of 12 (8 complete) HW Sca na subdivision for a lump-sum price. An independent appraiser valued the lots as follows: d the po Record account. Round decim lect the explanation on Data Table x ounts ar Lot 1 $ Appraised Value 117,500 329,000 23,500 2 3 ts with a Print Done mber in the input fields and then click Check Answer Clear All g acer