Asked by Anonymous
paid $53000 cash for building and land. The building had a fair market value of $45000. Here is my answer.
Date May 1. Debit Credit
Account Transaction :
Cash $53000
Building and Land. $45000
Date May 1. Debit Credit
Account Transaction :
Cash $53000
Building and Land. $45000
Answers
Answered by
Andrea
Cash is debited $53,000
Building credited 45000
Land 8,000
Building credited 45000
Land 8,000
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