In Motion T-Shirts paid $140,000 for a group purchase of land, building and woment. At the time of the unition, the land had a market value of $75,000, the building $45.000, and the equipment 50,000 Journal the lumpsum purchase of the tresse for a total cost of $140,000, the word for which the business ned a note payable Record a single compound journal entry Record debits for the credits Select the explanation on the line of the jumalaya Date Accounts and Explanation Dub Crede