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Could any one assist me, please. Belle Inc. (BI) purchased a group of assets together from one of its competitors whose owner had recently decided

Could any one assist me, please. image text in transcribed
Belle Inc. (BI) purchased a group of assets together from one of its competitors whose owner had recently decided to retire and stop operations. BI paid $510,000 for land, building, equipment, and a patent. Independent appraisals had been completed on all assets prior to the sale. These appraisals indicated the following fair values for the assets: land $300,000; building $156,250; equipment $106,250, and patent $62,500. Required: Prepare the journal entry to record the purchase. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your percentages to 1 decimal places.) Journal entry worksheet

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