Ch12_e03 - of Total Cost REPORT REFERENCE Schedule M1 Given...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Exercise 12-3 Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Schedule M1 M5:R28 General Journal U1 U5:Y27 Given Data AB1
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REPORT REFERENCE General Journal U1 Given Data AB1 0 0 SPATS Exercise 12-3 Horizon Sports Schedule Land Land Building Improvements Totals Appraised Value Ratio of individual appraised value to totol appraised value. * Allocation of Purchase Price: Appraised Percentage Apportioned Value
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Unformatted text preview: of Total Cost REPORT REFERENCE Schedule M1 Given Data AB1 SPATS Exercise 12-3 Horizon Sports General Journal Trans. Date Account Titles no. Debit Credit Given Data: Horizon Sports Purchase price for real estate $368,250 Building Appraised value 174,240 Land Improvements Appraised value 55,440 Land Appraised value 166,320 Closing costs 19,600 Check figure: Dr Land 162,897 Prepare a calculation showing the allocation of the total cost among the three purchased assets. Present the journal entry to record the purchase....
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Ch12_e03 - of Total Cost REPORT REFERENCE Schedule M1 Given...

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