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Mercury Corporation purchased equipment, a building, and land in notes). Aft or the equipment, $270,000 for the building, and $210,000 for the land. for $500,000

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Mercury Corporation purchased equipment, a building, and land in notes). Aft or the equipment, $270,000 for the building, and $210,000 for the land. for $500,000 (5100,00 in cash an er the purchase, the property was appraised. Fair market values were determined to be $120,000 Prepare the entry to record the purchase of this property by Mercury Corporation

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