Pleasant Valley Inn purchased building, equipment, and land for a total amount of $$1,700,000$ on March $20,2021.$ The assessed values of these purchases were, Building for $$828,000$; Equipment for $$324,000$; Land for $$648,000.$ Calculate the cost of each asset by filling in the following table, and write the journal entry that records the purchase.

Required

a$)$ Complete the table for the bulk asset purchase.

Do not enter dollar signs or commas in the input boxes.

Round all dollar figure answers to the nearest whole number.

Round all percentage figures to $2$ decimal places.

Item Assessment Percent Applied to Cost

Building $$828,000$ Answer

$\%$ $Answer

Equipment $$324,000$ Answer

$\%$ $Answer

Land $$648,000$ Answer

$\%$ $Answer

Total $$1,800,000$ $Answer

b$)$ Write the journal entry to record the purchase. Assume the company had enough cash to pay for the assets.

Enter the debit entries in alphabetical order.

Date Account Title and Explanation Debit Credit

Mar $20$ Answer

Answer

Answer

Answer

Answer

Answer

Answer

Answer

To record the purchase of building, equipment, and land