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On January 1, 2021, Black Iron Bar & Grill purchased a building, paying $56,000 cash and signing a $101,000 note payable. The company paid
On January 1, 2021, Black Iron Bar & Grill purchased a building, paying $56,000 cash and signing a $101,000 note payable. The company paid another $60,000 to remodel the building Furniture and fixtures cost $51,000, and dishes and supplies-a current asset-were obtained for $9,600. All expenditures were for cash. Assume that all of these expenditures occurred on January 1, 2021. (Click the icon to view depreciation information.) Road the ranuiromonte
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