Pitney Company purchased an office building, land, and furniture for $770,000 cash. The appraised value...
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Pitney Company purchased an office building, land, and furniture for $770,000 cash. The appraised value of the assets was as follows: Land $ 86,240 Building 258,720 Furniture 517,440 Total $ 862,400 Required Compute the amount to be recorded on the books for each asset. Show the purchase in a horizontal statements model.
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