On August 1, 2024, Novak Leamington Engineering paid $1,020,000 in a lump-sum purchase of land, building, and equipment. The payment consisted of $210,000 cash and a note payable for the balance. An appraisal revealed the following fair values at the time of the purchase: Land Building Equipment Date $515,430 Aug. 1, 2024 459,540 Prepare the necessary journal entry to record this lump-sum purchase. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 267,030 Account Titles Debit Credit

On August 1,2024, Novak Leamington Engineering paid $1,020,000 in a Jump-sum purchase of land, building, and equipment. The payment consisted of $210,000 cash and a note payable for the balance. An appraisal revealed the following fair values at the time of the purchase: Prepare the necessary journal entry to record this lump-sum purchase, (Credit account titles are outomaticolly indented when the amcunt: Is entered. Do not indent manually List ali debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts)