On October 17, Nikle Company purchased a building and a plot of land for $420,000. The building was valued at $243,600 while the land carried a value of $176,400. Nikle paid $63,200 down in cash and signed a notes payable for the balance. Prepare the journal entry for this transaction. If an amount box does not require an entry, leave it blank or enter " Ot. 17 Building Land Cash Notes Payable