Alton

Clothing purchased land, paying

$88,000

cash and signing a

$300,000

note payable. In addition,

Alton

paid delinquent property tax of

$1,800,

title insurance costing

$1,550,

and

$6,100

to level the land and remove an unwanted building. Record the journal entry for purchase of the land.

Record the journal entry for purchase of the land. (Record a single compound journal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.

Test! Week This Question: 2 pts Non Ching pathased and paying 4.000 cash and sering a 300.000 reste payable in adition, Ahon paid iniquot pr Begin by dng the cost of the land Passence of land wo cond wwyorcheoland Mecoragicompound jury Records in the Due ACE CAD2a