customers. The credit card company charges a 3% service charge. This transaction A. increase revenue by $9,700. B. increase assets by $10,000. C. increase Retained Earnings by $9,700. D. increase net income by $10,000. Harding Corporation acquired real estate that contained land property cost Harding $1,900,000. Harding paid $350,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $374,000; Building, $1,100,000 and Equipment, $726,000 building and equipment. The 20. What journal entry would be used to record the purchase of the above assets? Land Building Equipment 370,000 1,100,000 760,000 2,230,000 Cash A. 370,000 1,100,000 760,000 Land Building Equipment 350,000 1,880,000 Cash Notes payable B. 323,000 950,000 627,000 Land Building Equipment 350,000 1,550,000 Cash Notes payable C. 370,000 1,100,000 760,000 Land 350,000 1,550,000 330,000 Notes payable Gain on purchase of long-term assets