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How would I finish this entry ? Dec 15 Beacon sells 3 acres of land for $15,000. It receives $5,000 in cash and a mortgage

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Dec 15 Beacon sells 3 acres of land for $15,000. It receives $5,000 in cash and a mortgage note for the rest. The note carries interest at 10% and the principal amount is due in 8 years. Assume that all the land had a uniform cost per acre when it was purchased by Beacon. Dec. 10,000 5,000 15 115 NOTES RECEIVABLE 101 CASH 140 LAND 813 GAIN ON SALE OF LAND

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