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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 payable for the balance. Provide the journal entry for this transaction.
Deactivated
A state in which a biological or chemical process, entity, or system is rendered inactive or non-functional.
Proteins
Large, complex molecules essential for the structure, function, and regulation of the body's tissues and organs.
Lipids
A diverse group of naturally occurring molecules that include fats, waxes, and oil, serving as energy storage and structural components of cell membranes.
Carbohydrates
Organic compounds made of carbon, hydrogen, and oxygen, serving as a major energy source for the body.
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