Answer Happy

Maha Inc. purchased the following assets on September 19, 2021 (the fair market values of the assets are included as well): Land $ 75,300 Building $ 94.125 Machine $ 18,825 Total Fair Market Value of Assets $ 188,250 1. Maha Inc. paid the following amount for the assets: $ 150,600 Prepare the journal entry to record the purchase (4 points). 2. Maha Inc. paid the following amount for the assets: S 188,250 Prepare the journal entry to record the purchase (4 points). 3. Maha Inc. paid the following amount for the assets: $ 225,900 Prepare the journal entry to record the purchase (5 points).