Business
Business, 06.03.2020 05:59, mikeymanfs

On October 17, Nikle Company purchased a building and a plot of land for $727,100. The building was valued at $276,300 while the land carried a value of $450,800. Nikle paid $74,700 down in cash and signed a notes 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 $727,100. The building was...

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