Question: A warehouse building was acquired for $ 4 5 0 , 0 0 0 . Closing costs on the acquisition equaled $ 9 , 5

A warehouse building was acquired for $450,000. Closing costs on the acquisition equaled $9,500, and there were costs of $29,900 to get the building into an operational condition to be used by the company. The company paid $50,000 in cash as a down payment with the balance due being added to the mortgage payable account.
Complete journal entire for each of the transactions. The numbers in the journal entries can be rounded to the nearest dollar (no cents please).

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