Midland Telecom provides cornmunicabon services in lowa; Nebraska, the Dakotas, and Montana, Midland purchased gootwil as part of the acquisition of Surety Wireless Enterprises, which had the following figures: II:? (Cick the icon to view the datai) Requirements 1. Journalize the entry to record Mid andes purchase of Surety Wireless for $320,000 cash plus a $480,000 note payabla. 2. What special asset does Midland's acquisition of Surety Wireless identify? How should Midland Telecom acoount for ihis asset atter acquiring Surofy Wroless? Explain in detail Requirement 1. Journalize the entry fo recond Midand's purchase of Surehy Wreless for $320,000 cash plus a $480,000 nole payable. (Rocord debits firt, thon credits. Select the explariabion on the last line of the journal entry tabie.)