Fairview Clothing purchased land, paying $95,000 cash and signing a $320,000 note payable. In addition, Fairview paid delinquent property tax of $2,100, title insurance costing $750, and $4,800 to level the land and remove an unwanted building. Record the journal entry for purchase of the land. Record the journal entry for purchase of the land. (Record a single compound journal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit