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Journalize entry required for this transaction

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On October 17, Nickle Company purchased a building and a plot of land for $631,300. The building was valued at $221,000 while the land carried a value of $410,300. Nickle paid $68,600 down in cash and signed a note payable for the balance.

Journalize the entry required for this transaction. If an amount box does not require an entry, leave it blank.

Reference no: EM133272686

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