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On October 17th Nikle Company purchased a building and a plot of land for $750,000. The building was valued at $500,000 while the land carried
On October 17th Nikle Company purchased a building and a plot of land for $750,000. The building was valued at $500,000 while the land carried a value of $250,000. Nikle paid $300,000 down in cash and signed a notes payable for the balance. In the space below, write the journal entry
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