At January 1,2022, Blossom Company reported the following property, plant, and equipment accounts: ...
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Accounting
At January Blossom Company reported the following property, plant, and equipment accounts: During the following selected transactions occurred: Apr. Purchased land for $ million. Paid $ million cash and issued a ear, note payable for the balance. Interest on the note is payable annually each April May Sold equipment for $ cash. The equipment cost $ million when originally purchased on January June Sold land for $ million. Received $ cash and accepted a year, note for the balance. The land cost $ million when purchased on June Interest on the note is due annually each June July Purchased equipment for $ million cash. Dec. Retired equipment that cost $ million when purchased on December No proceeds were received. a Your answer is partially correct. FILLED OUT THE TABLE
At January Blossom Company reported the following property, plant, and equipment accounts:
During the following selected transactions occurred:
Apr. Purchased land for $ million. Paid $ million cash and issued a ear, note payable for the balance. Interest on the note is payable annually each April
May Sold equipment for $ cash. The equipment cost $ million when originally purchased on January
June Sold land for $ million. Received $ cash and accepted a year, note for the balance. The land cost $ million when purchased on June Interest on the note is due annually each June
July Purchased equipment for $ million cash.
Dec. Retired equipment that cost $ million when purchased on December No proceeds were received.
a
Your answer is partially correct. FILLED OUT THE TABLE
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