Under what conditions would you want to open an LLC

land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)

Investors who put their own money into a startup are known as a. mannequins b. obligators c. angels d. borrowers

Can someone me with general journal entry on this? ?