A company completed the following transactions: a. Land valued at $80,000 and a Buliding valued at $350,000 were purchased. The purchase is paid for with $70,000 cash and a note payable for the balance. b. Paid $600 cash for an insurance premium covering the next 12 months. c. Completed office services for a customer and collected $1,500cash. Prepare journal entries to record all of the transactions above