K Alpine Clothing purchased land, paying $96,000 cash and signing a $320,000 note payable. In addition, Alpine paid delinquent property tax of $1,900, title insurance costing $850, and $5,800 to level the land and remove an unwanted building. Record the journal entry for purchase of the land. Begin by determining the cost of the land. Purchase price of land Add related costs. Total cost of land 4 a +

Alpine Clothing purchased land, paying $96,000 cash and signing a $320,000 note payable. In addition, Alpine paid delinquent property tax of $1,900, tite insurance costing $850, and $5800 to lever the land and remove an unwanted bulding Record the joumal entry for purchase of the land