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A company purchases a piece of land for $ 1 5 0 , 0 0 0 . They pay $ 3 0 , 0 0

A company purchases a piece of land for $150,000. They pay $30,000 cash and finance the rest with a mortgage. Additionally, they incur $2,000 in closing costs paid in cash. Record the necessary journal entries.if you give AI or chat gpt answers i will give 20 down votes

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