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K Corp purchased a group of assets for $12,000 in cash. The assets and their relative market values are listed below. Land $7,700 Equipment 2,100
K Corp purchased a group of assets for $12,000 in cash. The assets and their relative market values are listed below.
Land | $7,700 |
Equipment | 2,100 |
Building | 4,200 |
Prepare the journal entry to record the purchase.
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A Non-Technical Guide To International Accounting
Authors: Roger Hussey, Audra Ong
1st Edition
1946646865, 9781946646866
