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Help please Nalters Furniture Company buys a building for $160,000, paying $40,000 cash and signing a 30 - year mortgage note for $120,000 at 11%.

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Nalters Furniture Company buys a building for $160,000, paying $40,000 cash and signing a 30 - year mortgage note for $120,000 at 11%. What is the journal entry to record the purchase of the building

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