Question
Bostel wanted to expand the size of its warehouse in order to generate more profits. The company decided to purchase the building adjacent to its
Bostel wanted to expand the size of its warehouse in order to generate more profits. The company decided to purchase the building adjacent to its existing warehouse. The company purchased the building by signing a note with the bank. The transaction would be recorded as
A) debit Cash; credit Notes payable.
B) debit Buildings; credit Cash.
C) debit Buildings; credit Notes payable.
D) debit Cash; debit Buildings; credit Notes payable.
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