Business, 20.07.2020 01:01 MidnightAIY179

Watson Company purchased assets of Holmes Ltd. at auction for $1,390,000. An independent appraisal of the fair value of the assets acquired is listed below: Land $ 304,000
Building 380,000
Equipment 608,000
Inventories 228,000
Prepare the journal entry to record the purchase of the assets.

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Watson Company purchased assets of Holmes Ltd. at auction for $1,390,000. An independent appraisal o...

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