Gagner Clinic purchases land for $175,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200. What amount does Gagner Clinic record as the cost for the land? Selecom a $157.500 6. SUS 700 li 357,200 0.525.000 A company writes a check to replenish a $100 petty cash fund when the fund contains receipts of $94 and $4 in cash. In recording the check, the company should: Select one: a. credit Cash for $94. b. debit Cash Over and Short for $2. c. credit Petty Cash for 52. d. debit petty cash for $94. Previous page Next page