Write the journal entry that records the purchase

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Reference no: EM133903544

Problem

On February 4, land, building and equipment were purchased for a total amount of $1,270,000 cash. The assessed values of these purchases were, Building - $317,500; Equipment - $444,500; Land - $825,500. Get the instant assignment help. Write the journal entry that records the purchase.

Reference no: EM133903544

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