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Prepare a journal entry for the transaction below. Purchased land - $120,000, paid $9,000 to tear down a dilapidated building, paid $15000 to install a

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Prepare a journal entry for the transaction below. Purchased land - $120,000, paid $9,000 to tear down a dilapidated building, paid $15000 to install a sewer system, paid $100,000 to construct a wall and $35,000 for a parking lot. What is the cost of the land? Prepare journal entries to record the purchase

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