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Pitney Co purchased an office building, land, and furniture for $624 900 cash. The appraised value of the assets was as follows: ^ Land Building Furniture Total $ 97,984 230,963 370,941 $699, 55-20 Required a. Compute the amount to be recorded on the books for each asset b. Show the purchase in a horizontal statements model like the following one c. Prepare the general journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required A Required Required Compute the amount to be recorded on the books for each asset. (Do not round Intermediate calculation. Round your final answers to nearest whole dollar.) Allocated cost Land Building Fumitur Total Required) Pitney Co, purchased an office building, land and furniture for $624 900 cash. The appraised value of the assets was as follows: Land Building Forniture Total $ 97,984 230,963 370,141 5699,80 Required a. Compute the amount to be recorded on the books for each asset b. Show the purchase in a horizontal statements model like the following one c. Prepare the general journal entry to record the purchase Complete this question by entering your answers in the tabs below. Required neabedo Required Show the purchase in a horizontal statements model like the following one (Do not round intermediate calculation Round your final answers to nearest whole dollar column, use the initials o to designate operating activity, IA for investing activity, FA for financing activity, NC for not change lo cash and NA for not affected. Enter any account balances with a minus sign PITNEY CO Statement Model Equity Assets Netcom Cash Flow

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