Question
May I get some help please Freeman Company purchased a tract of land on which were located a warehouse and an office building. The cash
May I get some help please
Freeman Company purchased a tract of land on which were located a warehouse and an office building. The cash purchase price was $224,000 plus $16,000 in fees connected with the purchase. The following information relates to the property. Tax Assessment Sellers Book Value Original Cost Land $32,000 $16,000 $16,000 Warehouse 64,000 32,000 96,000 Building 96,000 80,000 128,000 Prepare the journal entry to record this purchase.
Prepare the journal entry to record this purchase.
| Account Name | Dr. | Cr. |
|---|---|---|
| Land | Answer
| Answer
|
| Warehouse | Answer
| Answer
|
| Building | Answer
| Answer
|
| Cash | Answer
| Answer
|
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Corporate Governance And Statutory Audit Stakes And Articulations
Authors: Chefick Olagbèyindé Olafa
1st Edition
6204385682, 978-6204385686
