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2/15/24 Add new fixed 6 asset accounts not clone 2/15/24 Purchase land and building 6 Create four new fixed asset accounts - Account type:
2/15/24 Add new fixed 6 asset accounts not clone 2/15/24 Purchase land and building 6 Create four new fixed asset accounts - Account type: Fixed Assets, detail type: Build- ings and Accumulated Depreciation (where appropriate), account names: Original Cost (a sub account of Building) and Accumulated Depreciation (a sub account of Building), and Land with Account type: Fixed Asset, detail type: Land. Add the purchase of land and a warehouse building from Prime Properties, check no. 1014, amount: $2,000, as a down payment on land $5,000 and a building $15,000. The balance was paid by signing a long-term note for $18,000 (create a new account called Notes Payable - Chase, Account type: Long-Term Liabilities, detail type: Notes Payable).
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