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Bradley Company was fortunate enough to receive a donation of a building from the City of Orlando. It needs a lot of work, but the

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Bradley Company was fortunate enough to receive a donation of a building from the City of Orlando. It needs a lot of work, but the city wants to revitalize the area and promote growth. The building has a fair value of $80,000 and the land has a fair value of $200,000. Select all the elements of the journal entry to record this transaction. Credit Paid in Capital $280.000 Credit Contribution Revenue $280.000 Debit Bullding $80,000 Debit Contribution Expense $280.000 Debit Land $200.000

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