Menu Save Concord Pet Care Clinic paid $210,000 for a group purchase of land, building, and equipment. At the Sime of the acquisition, the land had a market value of $110,000 the building $88,000, and the equipment $22,000. Journalize the kamp-sum purchase of the three assets for a total cost of $210,000, the amount for which the business signed a note payable. (Record a single compound joumal entry Record debits first, then credits. Select the explanation on the last line of the joumal entry table) gnments Homework Quiz/Test Date Help n Accounts and Explanation Accumulated Depreciation-Building Accumulated Depreciation-Equipment Building Cash Depreciation Expense-Building Depreciation Expense-Equipment Equipment Gain on Disposal Land Loss on Disposal Debit Credit Clear all Check answer incorrect 0 Help