Test for Students acob Papadopoulos Help References Mailing View 12 AA AA EEEE ca er 1 Heading 1 Heaching Normal No Spac Suhtle Land On August 1, 2021, Mark Leamington Engineering paid $1,000,000 in a lump sum purchase of land, building, and equipment. The payment consisted of $ 200,000 cash and a note payable for the balance. An appraisal revealed the following fair values at the time of the purchase: $ 500,000 Building 450,000 Equipment250,000 Prepare the necessary journal entry to record this lump sum purchase (round all percentage calculations to two decimal places). Lump-Sum Cost Allocation: BP G acer 64 FS F6 F7 FO Fati $12 Teste for Students acob Papadopoulou Layout References Malings Review View Help 12 AA AA EE. 14 ** A-DA- l 1 Heading 1 Heading 2 T Normal No Space Tele Font Paigh Account Debit Date Credit BP acer