ACG2011 PRIN ACCT ONLINE 693145 Homework: Ch 10 Homework A- Juan Salcedo 07/03/22 625 PM Question 2, SF10-2 (similar to HW Score: 16.1%, 15.75 of 87 points O Pointe Save Graded Abner and Baker paid $130,000 for a group purchase of land building, and equipment. At the time of the acquisition, the land had a market value of $70,000. the building $42,000, and the $28,000. Jumalize the lump-sum purchase of the three assets for a total cost of $130.000, the amount for which the business signed a note payable. (Pacord a single compound journal entry Rabits first, then credes Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Land Building Equipment Debit Credit