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1- Company A purchases land on January 1, 2021 for $40,000 with a note payable. Other cost includes $ 2500 in delinquent property taxes, in

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1- Company A purchases land on January 1, 2021 for $40,000 with a note payable. Other cost includes $ 2500 in delinquent property taxes, in transfer taxes and a $ 1500 survey fee. General Journal Account Titles and Explanation Page Date Debit Credit

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