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Benjamin acquired a plant site from Monroe County on September 18. The county agreed to give Benjamin the site in exchange for Benjamin's promise to
Benjamin acquired a plant site from Monroe County on September 18. The county agreed to give Benjamin the site in exchange for Benjamin's promise to locate a business location on the site. The land has a fair market value of $400,000. Benjamin has agreed to pay property taxes on the site based on the county tax assessor's value of $315,000. what is the proper Journal Entry
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