On October 17, Nikle Company purchased a building and a plot of land for $812,000. The building was valued at $479,100, while the land carried a value of $332,900. Nikle paid $77,700 down in cash and signed a note payable for the balance.Journalize the entry for this transaction. If an amount box does not require an entry, leave it blank.### Journal Entry Template- A dropdown menu with amount boxes is provided for the journal entry details.1. **Date Column (October 17)**2. **Account Titles and Explanation Column**3. **Debit Column**4. **Credit Column**To properly complete the journal entry, select the correct account titles from the dropdown menu and enter the appropriate debit and credit amounts in the respective columns.

On October 17, Nikle Company purchased a building and a plot of land for $812,000. The building was valued at $479,100, while the land carried a value of $332,900. Nikle paid $77,700 down in cash and signed a note payable for the balance. Journalize the entry for this transaction. If an amount box does not require an entry, leave it blank. October 17

On October 17, Nikle Company purchased a building and a plot of land for $812,000. The building was valued at $479,100, while the land carried a value of $332,900. Nikle paid $77,700 down in cash and signed a note payable for the balance. Journalize the entry for this transaction. If an amount box does not require an entry, leave it blank. October 17

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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