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A company purchased land and a building for $276644. An independent appraisal values the land at $291428 and the building at $82619. What would be
A company purchased land and a building for $276644. An independent appraisal values the land at $291428 and the building at $82619. What would be the journal entry to record this transaction? Select one: o a. Debit building $82619 and Debit land $291428; Credit cash $374047 O b. Debit building $82619 and Debit land $291428; Credit gain $97403 and Credit cash $276644 c. Debit building $61105 and Debit land $215539; Credit cash $276644 d. Debit PPE $276644; Credit Accumulated Repreciation $276644 Check
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