The Big Bopper wants to purchase Chantilly Lace, Inc. The following information is avallable for Chantilly from the balance sheet The Company estimates that the Accounts Receivable are worth $275,000, the inventory is worth $150,000, and the building is worth $800,000. Everything else is worth its book value. The Bopper will pay $1,200,000 for Chantilly Lace. Record the Journal entry for this purchase. Journal entry worksheet What is the journal entry to record the purchase? Note: Enter debits before credits