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Business, 06.04.2021 05:30 naomicervero

Pitney Co. purchased an office building, land, and furniture for $639,300 cash. The appraised value of the assets was as follows: Land $136,043
Building 179,004
Furniture 400,969
Total $716,016

Required:
a. Compute the amount to be recorded on the books for each asset.
b. Show the purchase in a horizontal statements.
c. Prepare the general journal entry to record the purchase.

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Answers: 1

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Pitney Co. purchased an office building, land, and furniture for $639,300 cash. The appraised value...
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