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Clothing purchasedland, paying $115,000 cash and signing a $270,000 note payable. Inaddition, Kingston paid delinquent property tax of $1,800 , title insurance costing $ 900
Clothing purchasedland, paying $115,000 cash and signing a
$270,000 note payable. Inaddition, Kingston paid delinquent property tax of $1,800, title insurance costing $ 900, and $4,600 to level the land and remove an unwanted building. Record the journal entry for purchase of the land.
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