Recording a Lump-Sum Acquisition Freeman Company purchased a tract of land on which were located a warehouse and an office building. The cash purchase price was $336,000 plus $24,000 in fees connected with the purchase. The following information relates to the property. Tax Assessment Book Value Seller's Original Land Warehouse Building Cost $48,000 $24,000 $24,000 96,000 48,000 144,000 144,000 120,000 192,000 Prepare the journal entry to record this purchase. Account Name Dr. Cr. Land Warehouse Building Cash