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t asset on list on 1 on 2 on 3 on 4 K to) Points: 0 of 1 Lexington Garden Supply paid $170,000 for

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t asset on list on 1 on 2 on 3 on 4 K to) Points: 0 of 1 Lexington Garden Supply 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. Select the explanation on the last line of the journal entry table.) Date ... Accounts and Explanation Debit Credit

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