Shahia Company bought a building for $73,000 cash and the land on which it was located for $123,000 cash. The company paid transfer costs of $13,000 ($6,000 for the building and $7,000 for the land). Renovation costs on the building were $16,000.

Required 1. Prepare the journal entry to record the purchase of the property, including all relevant expenditures. Assume that all transactions were for cash required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of property, including all expenditures, paid with cash Note: Enter debits before credits. Transaction General Journal Debit Credit Accumulated depreciation and Record entry Clear entry View general journal