Try another version of this question Everywhere Deliver Service paid $122,000 for a group purchase of land, building, and equipment. At the time of the acquisition, the land had a market value of $76,000, the building $42,000 and the equipment $25,000. Journalize the lump-sum purchase of the three assets for a total cost of $122,000, the amount for which the business signed a note payable. Note: When inputting a percentage value, do not include the % symbol, and round your percent answer to two decimal places (e.g.,50.346% would be 50.35). Use the rounded values for calculations throughout the assessment. Asset Market Value Percentage of Total Value X Total Purchase Price = Assigned Cost of Each Asset Land / = X = Building / = X = Equipment / = X = Total Date Description Debit Credit Asset Market Value Percentage of Total Value X Total Purchase Price = Assigned Cost of Each Asset Land 76000 76000 / 143000 = 53.15 X 122000 = 64839.160839161 Building 42000 42000 / 143000 = 29.37 X 122000 = 35832.167832168 Equipment 25000 25000 / 143000 = 17.48 X 122000 = 21328.671328671 Total 143000 122000 Date Description Debit Credit Land 64,839.16 Building 35,832.17 Equipment 21,328.67 Notes Payable 122,000.00