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On January 1, 2023, Bona Vista Co. purchased land, a building, equipment, and tools for a total price of $4,670,000, paying cash of $1,174,000 and

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On January 1, 2023, Bona Vista Co. purchased land, a building, equipment, and tools for a total price of $4,670,000, paying cash of $1,174,000 and borrowing the balance from the bank. The bank appraiser valued the assets as follows: $1,212,100 for the land; $1,407,600 for the building: $1,055,700 for the equipment; and $234,600 for the tools. Prepare the entry to record the purchase. (Do not round intermediate calculotions.) Journal entry worksheet 1 Record the lump-sum purchase. Note: Enter debits before credits. Prev 1 of 5

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