11. Smith paid the following costs on July 7 th in connection with a building. All amounts were paid in cash. New elevator system $200,000 Painting of lobby $20,000 Required: Record the appropriate journal entry(ies). 11. Smith paid the following costs on July 7 th in connection with a building. All amounts were paid in cash. New elevator system $200,000 Painting of lobby $20,000 Required: Record the appropriate journal entry(ies)