Big Company purchased Small Company on January $15$ th$,2024,$ paying $$130,000$ in cash. Small's only asset was a building worth $$115,000,$ and its only liability was a $$45,000$ note payable.

Complete the journal entry for Big Company to record its purchase of Small Company.

Journal entry worksheet

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Big Company purchased Small Company on January $15$th$,2024,$ paying $$130,000$ in cash. Small's only asset was a building worth $$115,000,$ and its only liability was a $$45,000$ note payable. Complete the journal entry for Big Company to record its purchase of Small Company

Note: Enter debits before credits.

$\backslash$table$[[,$A$,$B$,$C$,$D$],[,$Date,Account Title,Debit,Credit$],[1,\frac{01}{15}\frac{?}{2024},,,],[2,,,,],[3,,,,],[4,,,,],[5,,,,],[6,,,,]]$