Tipton Corporation purchases land for $560,000 with a note payable for the same amount. The company also pays cash of $2,300 for a survey fee and $3,600 for broker commissions. The journal entry would be: Tipton Corporation purchases land for $560,000 with a note payable for the same amount. The company also pays cash of $2,300 for a survey fee and $3,600 for broker commissions. The journal entry would be