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On January 19, Ivanova Inc. buys a land that includes a building and a variety of land improvements (i.e. fencing, parking lots, etc.) for the $300,000 cash. The land was recently appraised at $200,000, the building was recently appraised at $80,000, and the land improvements were recently appraised at $40,000.  Journalize the basket purchase of the land, building, and land improvements Date   Particulars PR   D R       C R

On January 19, Ivanova Inc. buys a land that includes a building and a variety of land improvements (i.e. fencing, parking lots, etc.) for the $300,000 cash. The land was recently appraised at $200,000, the building was recently appraised at $80,000, and the land improvements were recently appraised at $40,000.  Journalize the basket purchase of the land, building, and land improvements Date   Particulars PR   D R       C R

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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  1. On January 19, Ivanova Inc. buys a land that includes a building and a variety of land improvements (i.e. fencing, parking lots, etc.) for the $300,000 cash.

The land was recently appraised at $200,000, the building was recently appraised at $80,000, and the land improvements were recently appraised at $40,000. 

Journalize the basket purchase of the land, building, and land improvements

Date

  

Particulars

PR

 

D

R

      

C

R

    
                           
                           
                           
                           
                           
                           



                         



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