Land is purchased by making a cash down payment of $40,000 and signing a note payable for the balance of $130,000. The journal entry to record this transaction in the accounting records of the purchaser includes:

	A credit to Land for $40,000.
	A debit to Cash for $40,000.
	A debit to Land for $170,000.
	A debit to Note Payable for $130,000.