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Looking Good Clothing purchased land, paying $89,000 cash plus a $300,000 note payable. In addition, Looking Good Clothing delinquent property tax of $2,243, title insurance

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Looking Good Clothing purchased land, paying $89,000 cash plus a $300,000 note payable. In addition, Looking Good Clothing delinquent property tax of $2,243, title insurance costing $400, and $4,500 to level the land and remove unwanted building. Record the journal entry for purchase of the land

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