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Accounting/Economics Help Journal Entry Question: A company takes out a bank loan to renovate the new store location for $100,000 and agrees to pay $1,000

Accounting/Economics Help Journal Entry

Question: A company takes out a bank loan to renovate the new store location for $100,000 and agrees to pay $1,000 a month. They spends all of the money on improving and updating the store's fixtures and looks. Write a Journal Entry!

Below is my answer but I got one of the account names wrong. I am not sure how this is wrong or which name?

Account Name Debit/Credit
Lease Improvements 100,000 Debit
Liabilities (Long Term) 100,000 Credit

To record new loans and improvements made on the storefront

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