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Pitney Company purchased an office building, land, and furniture for $720,000 cash. The appraised value...

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Accounting

Pitney Company purchased an office building, land, and furniture for $720,000 cash. The appraised value of the assets was as follows: Land $ 88,704 Building 274,176 Furniture 443,520 Total $ 806,400 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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