Oliver Company has acquired land for $40,000 and paid $2,000 as a brokerage commission to acquire the land The journal entry would be (assuming cash was paid) 42,000 O A. Cash Brokerage Commission Expense Land 2,000 40,000 B Land Brokerage Commission Expense Cash 40,000 2,000 D 42,000 OC. Land Cash 42,000 42.000 OD. Cash Land 42,000 42,000