A company purchases property that includes land, buildings and equipment for $4.8 million. The company pays $183,000 in legal fees, $216,000 in commissions, and $107,000 in appraisal fees. The land is estimated at 26%, the buildings are at 42%, and the equipment at 32% of the property value. Prepare the journal entry that is required to record the purchase assuming that the company paid 50% of the amounts using cash and signed a note for the remainder. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answer in dollars and not in millions.)

view transaction list view general journal Journal Entry Worksheet Record the purchase of land, buildings and equipment assuming that the company paid 50% of the amounts using cash and signed a note for the remainder Transaction General Journal DebitCredit *Enter debits before credits done clear entry record entry