Colin Cameron Appliance - Myrtle Beach has just purchased a franchise from Colin Cameron Appliance (CCA) Click the icon to view the additional information) Following is the chart of accounts for Colin Cameron Appliance ---Myrtle Beach As a new business all beginning balances are $0 Click the icon to view the chart of accounts) Colin Cameron Appliance-Myrtle Beach completed the following transactions during 2024, its fiest year of operations Click the icon to view the transactions.) Read the requirements Cash 56,000 c. Paid $215,000 cash and houed a $350,000, 10 year, 12% notes payable for land with an existing building The assists had the following market values Land, $60,000 Building $505.000. (Prepare a single compound journal entry to record this transaction) Date Accounts Debit Credit (c)