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On January 1, 2020, Bona Vista Co. purchased land, a building, equipment, and tools for a total price of $4,470,000, paying cash of $1,134,000

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On January 1, 2020, Bona Vista Co. purchased land, a building, equipment, and tools for a total price of $4,470,000, paying cash of $1,134,000 and borrowing the balance from the bank. The bank appraiser valued the assets as follows: $1,161,000 for the land; $1,354,500 for the building: $1,006,200 for the equipment; and $348,300 for the tools. Prepare the entry to record the purchase. (Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 Record the lump-sum purchase. Note: Enter debits before credits. Date January 01, 2020 General Journal Debit Credit Record entry Clear entry View general journal

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