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Take me to the text Building, equipment, and land were purchased for a total amount of $1,400,000 on October 5, 2018. The assessed values

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Take me to the text Building, equipment, and land were purchased for a total amount of $1,400,000 on October 5, 2018. The assessed values of these purchases were, Building for $528,000; Equipment for $304,000; Land for $768,000. Calculate the cost of each asset by filling in the following table, and write the journal entry that records the purchase. Required a) Complete the table for the bulk asset purchase. Do not enter dollar signs or commas in the input boxes. Round all dollar figure answers to the nearest whole number. Round all percentage figures to 2 decimal places. Assessment Percent Item Applied to Cost Building $528,000 % $ Equipment $304,000 % $ Land $768,000 % $ $1,600,000 $1400000 Total b) Write the journal entry to record the purchase. Assume the company had enough cash to pay for the assets. Enter the debit entries in alphabetical order. Date Account Title and Explanation Oct 5 Building Equipment Land Cash Check Record the purchase of building, equipment, and land Debit Credit 1400000

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