a. Purchased land for $80,000 and a building for $320,000. The purchase is paid for with $60,000 cash payable for $340,000. b. Paid $500 cash for an insurance premium covering the next 12 months. c. Completed services for a customer and immediately collected $1,000 cash. d. Paid $200 cash for supplies. e. Paid $400 cash for this period's utilities. Journal entry worksheet Purchased land for $80,000 and a building for $320,000. The purchase is paid for with $60,000 cash and a note payable for $340,000. Note: Enter debits before credits