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Module 2 Textbook Problems Saved Help Sau 13 Problem: Module 2 Textbook Problem 13 Learning...

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Accounting

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Module 2 Textbook Problems Saved Help Sau 13 Problem: Module 2 Textbook Problem 13 Learning Objective: 2-8 Identify and determine the cost of long-term operational assets Pitney Co, purchased an office building, land, and furniture for $630,000 cash. The appraised value of the assets was as follows: OS po 03 04:44 $ 70,560 212,240 Land Building Furniture Total 5705,600 Required a. Compute the amount to be recorded on the books for each osset b. Record the purchase in a horizontal statements model Complete this question by entering your answers in the tabs below. queda Required WON 13 Complete this question by entering your answers in the tabs below. 05 Weed Begud 080435 Record the purchase in a horizontal statements model in the cash flow columne whether the item is an operating activity ( Osting activity (At leave the cell blank if the Statement of Cash Flows le not affected. Enter any decreases to account balance and cash outflows with minut Do not un calculations. Round your final answers to the nearest Whale dollar. Not all we will 40000 PITNEY CO Hot Statement Model Pard mer of Cou income Statement Net Income Assets Land - Buliding Furniture Equity Cash

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