Pitney Company purchased an office building, land, and furniture for $630,000 cash. The appraised value...
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Accounting
Pitney Company purchased an office building, land, and furniture for $630,000 cash. The appraised value of the assets was as follows: Land $ 91,728 Building 204,624 Furniture 409,248 Total $ 705,600
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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