On October $17,$ Nikle Company purchased a building and a plot of land for $$551,000.$ The building was valued at $$214,900,$ while the land carried a value of $$336,100.$

Nikle paid $$56,600$ down in cash and signed a note payable for the balance.

Journalize the entry for this transaction. If an amount box does not require an entry, leave it blank.

October $17$