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On October 17 Nikle Company purchased a building and a plot of land for $750000 The building was valued at $500000 while the land carried a value of $250000 Nikle paid $300000 down in cash and

On October 17, Nikle Company purchased a building and a plot of land for $750,000. The building was valued at $500,000 while the land carried a value of $250,000. Nikle paid $300,000 down in cash and signed a note payabe for the balance. Prepare the Journal entry for this transaction. If an amount box does not require an entry, leave it blank.

 

Mar 26 2020 View more View Less

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