Score: 0 of 1 pt 1 of 2 (0 complete) HW Score: 50%, 2 of 4 pts SF9-1 (open response) Assigned Media Question Help Highland Clothing purchased land, paying $95,000 cash plus a $240,000 note payable. In addition, Highland paid delinquent property tax of $1,200, title insurance costing $1,550, and $5,900 to level the land and remove an unwanted building. Record the journal entry for purchase of the land. Begin by determining the cost of the land. Purchase price of land Add related costs: Total cost of land Thl Tel Choose from any list or enter any number in the input fields and then click Check Answer. ? 1 part remaining Clear All Check Answer a Score: 0 of 1 pt 2 of 2 (0 complete) HW Score: 50%, 2 of 4 pts SF9-2 (open response) Assigned Media Question Help ire Concord Pet Care Clinic paid $170,000 for a group purchase of land, building, and equipment. At the time of the acquisition, the land had a market value of $90,000, the building $72,000, and the equipment $18,000. Journalize the lump-sum purchase of the three assets for a total cost of $170,000, the amount for which the business signed a note payable. (Record a single compound journal entry. Record debits first, then credits. Explanations will appear on the last line of the journal entry table. Check your spelling carefully and do not abbreviate.) Date Accounts and Explanation Debit Credit Th Tel Choose from any list or enter any number in the input fields and then click Check Answer. ? All parts showing Clear All Check Answer I a