Question: On April 17 2014 Sanford Printing Co Ltd purchased a
On April 17, 2014, Sanford Printing Co. Ltd. purchased a printing operation in Newmarket, Ontario, paying $1,450,000 in total. The purchase included a building valued at $800,000, land valued at $600,000, and printing presses valued at $200,000. Prepare the journal entry for the lump-sum purchase.
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