Business, 18.08.2020 23:01 leannamat2106

On October 17, Nikle Company purchased a building and a plot of land for $750,000. The building was valued at $500,000 while the land carried a value of $250,000.
Nikle paid $300,000 down in cash and signed a note payable for the balance.
Prepare the journal entry for this transaction.
(If an amount box does not require an entry, leave it blank.)

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On October 17, Nikle Company purchased a building and a plot of land for $750,000. The building was...