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Sable Co. paid $400,000 cash for a basket purchase that included land, a building, and...

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Accounting

Sable Co. paid $400,000 cash for a basket purchase that included land, a building, and equipment. An appraiser estimated the market value of the land to be $100,000, the building to be $350,000, and the equipment to be $50,000. How would you record this event in general journal form?

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