Maria Company began Year 2 with $85,000 in its Land account During Year 2 the company made two separate purchases of land. The first purchase of land cost $52,000. The second purchase of land cost $94,000 Based on this information the company's accounting records will have one land account. two land accounts. three land accounts. All of the answers represent possibilities that could exist in Maria's accounting records. Watt Company was established in January, Year 1. During Year 1 the company experienced the following events Collected $6,000 cash from the issue of common stock. Borrowed $3,000 cash from the state bank. Earned $6,000 of cash revenue