A parcel of land is: offered for sale at $160,000, assessed for tax purposes at $99,000 recognized by its purchasers as being worth $200,000 and purchased for $177,000. The land should be recorded in the purchaser's books at: A. $99,000 B. $160,000 C. $200,000 D. $140,000 E. $177,000 Accounting records are also referred to as the books. True False Items such as sales slips, invoices, checks and purchase orders are source documents. True False Dividends are a type of business expense. True False In a double-entry accounting system, total amount debited must always equal total amount credited. True False