6. on january 1, 2017, salina company purchased land and a building for $2,240,000. at the time of the purchase, it was estimated that the building had a market value of $1,400,000. on january, 5, salina installed a fence around the property at a cost of $14,000. given this information, the entry to record the cost of the fence would include a a.credit to land for $14,000 b.debit to fence expense for $14,000. c.debit to land for $14,000. d.debit to land improvements for $14,000. 7. on january 1, 2017, alberta company purchased land and a building for $1,120,000. at the time of the purchase, it was estimated that the building had a market value of $700,000. on january 5, alberta installed a fence around the property at a cost of $7,000. given this information, the journal entry to record the purchase of the land and building would include a a.debit to land for $420,000. b debit to land for $700,000. c.debit to land for $427,000. d debit to land for $413,000