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5. Land was purchased costing $225,000; a building was removed at a cost of $6,000, with proceeds of $1,200 from salvaged materials; broker fees were
5. Land was purchased costing $225,000; a building was removed at a cost of $6,000, with proceeds of $1,200 from salvaged materials; broker fees were $5,500; attorney's fees were $3,000; journalize the land purchase (assume 10% paid and remainder assigned to a note). Date Accounts Debit Credit
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