On October 17, Nickle Company purchased a building and a plot of land for $633,700. The building was valued at $253,500 while the land carried a value of $380,200. Nickle paid $75,100 down in cash and signed a note payable for the balance ours Prepare the journal entry for this transaction. If an amount box does not require an entry, leave it blank Oct. 17 Building 253,500 Land 380,200 75.100 Notes Payable