On April 2, Gremlin Repair Service extended an offer of 1 answer below »

On April 2, Gremlin Repair Service extended an offer of 1 answer below »

On April 2, Gremlin Repair Service extended an offer of $100,000 for land that had been priced for sale at $125,000. On May 10, Gremlin Repair Service accepted the seller’s counteroffer of $115,000. Describe how Gremlin Repair Service should record the land.

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