Chart of Accounts General Journal Instructions On October 17, Nickle Company purchased a building and a plot of land for $616,200. The building was valued at $352,748 while the land cared a value of $203,452. Mickle pale $70,100 down in cash and signed a note payable for the balance Required: Provide the journal entry for this transaction. Refer to the Chart of Accounts for exact wording of account als All work saved sucions Chart of Accounts General Ledger $7 132,748 while the land camod a value of $250 ASSETS 11 Cash REVENUE 41 Fees Earned 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Office Equipment 17 Building EXPENSES 51 Wages Expense 53 Rent Expense 54 Utilities Expense 55 Maintenance Expense 18 Truck 59 Miscellaneous Expense LIABILITIES 21 Notes Payable 22 Accounts Payable 23 Uneamed Revenue EQUITY 31 Marlene Nickle, Capital 32 Marlene Nicke, Drawing All work saved ructions Chart of Accounts General Journal Provide the journal entry for the purchased building and land with cash down payment on October 17. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL DATE DESCRIPTION CREDIT POST. REE DET 1 2 3