Ariana Corporation purchases land for $175,000 by signing a note payable. They paid cash as follows: $3,500 in realtor commission, $1,200 in transfer fees, a $1,700 survey fee, $3,200 to have the land graded and levelled, $6,300 for the installation of a fence, and $2,300 for a sprinkler system.. Prepare the journal entry required.

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The Answer of Ariana Corporation purchases land for $175,000 by signing a note payable. They paid cash as follows: $3,500 in realtor commission, $1,200 in transfer fees, a $1,700 survey fee, $3,200 to have the land graded and levelled, $6,300 for the installation of a fence, and $2,300 for a sprinkler system.. Prepare the journal entry required.

Ariana Corporation Purchases Land for $175,000 by Signing a Note