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On January 1, 2020. Bona Vista Co, purchased land, a building, equipment, and tools for a total price of $4,370,000, paying cash of $1,114,000 and

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On January 1, 2020. Bona Vista Co, purchased land, a building, equipment, and tools for a total price of $4,370,000, paying cash of $1,114,000 and borrowing the balance from the bank. The bank appraiser valued the assets as follows $1.078.000 for the land: $1,270,500 for the building, $924,000 for the equipment and $577500 for the tools. Prepare the entry to record the purchase. (Do not round intermediate calculations.) View transaction list Journal entry worksheet Record the lump sum purchase Note Enter debit before credits General Journal Deble Credit Date January 012020

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