Question: Saved Help Save & Exit Su On January 1, 2020, Bona Vista Co. purchased land, a building, equipment, and tools for a total price of

Saved Help Save & Exit Su On January 1, 2020, Bona

Saved Help Save & Exit Su On January 1, 2020, Bona Vista Co. purchased land, a building, equipment, and tools for a total price of $4,820,000, paying cash of $1,204,000 and borrowing the balance from the bank. The bank appraiser valued the assets as follows: $1,260,800 for the land; $1,418,400 for the building: $1,063,800 for the equipment; and $197,000 for the tools. Prepare the entry to record the purchase. (Do not round intermediate calculations.) View transaction list Journal entry worksheet

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