A company purchases land, a building on the land, and equipment in the building all for $200,000 cash. The appraised values are $135,000, $67,500, and $22,500 for the land, building, and equipment, respectively. In the journal provided, record the entry for the purchase.(Omit explanation.)

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The Answer of A company purchases land, a building on the land, and equipment in the building all for $200,000 cash. The appraised values are $135,000, $67,500, and $22,500 for the land, building, and equipment, respectively. In the journal provided, record the entry for the purchase.(Omit explanation.)

A Company Purchases Land, a Building on the Land, and Equipment