On October 17th nickel company purchase a building and a plot of land for $582300 the building was valued at $302796 while the land carried a value of $279504 nickel paid $56300 down in cash and sign a note payable for the balanceOn October 17th nickel company purchase a building and a plot of land for $582300 the building was valued at $302796 while the land carried a value of $279504 nickel paid $56300 down in cash and sign a note payable for the balance. Provide the journal entry for this transaction.