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On January 1, 2020, Bona Vista Co. purchased land, a building, equipment, and tools for a total price of $4.670,000, paying cash of $474,000 and
On January 1, 2020, Bona Vista Co. purchased land, a building, equipment, and tools for a total price of $4.670,000, paying cash of $474,000 and borrowing the balance from the bank. The bank appraiser valued the assets as follows: $1212.300 for the land, $1,407,600 for the building: $1055700 for the equipment and $234,500 for the tools Prepare the entry to record the purchase. (Do not round Intermediate calculations)
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