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5 Exercise 9-4 Lump-sum purchase L01 On January 1, 2020. Bona Vista Co purchased land, a building, equipment, and tools for a total price of
5 Exercise 9-4 Lump-sum purchase L01 On January 1, 2020. Bona Vista Co purchased land, a building, equipment, and tools for a total price of $4,320,000, paying cash of $1104,000 and borrowing the balance from the bank. The bank appraiser valued the assets as follows: $1,152,000 for the land, $1.344,000 for the building: $998,400 for the equipment and $345,600 for the tools. Prepare the entry to record the purchase. (Do not round intermediate calculations.) View transaction list Journal entry worksheet
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