Cobb corn company purchases a large lot on which a building

Reference no: EM13606143

Cobb Corn Company purchases a large lot on which a building is located. The negotiated purchase price is $2,500,000 for the lot and the building. The company pays $71,500 in commissions and taxes. The appraisal values of each items is as follows: Land $650,000, Building $1,750,000, Land Improvements $120,000. What is the appropriate amount to be entered into the general journal for the building?

Reference no: EM13606143

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Cobb corn company purchases a large lot on which a building

Reference no: EM13606143

Reference no: EM13606143

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