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Purchased land and an existing retail store for $ 1 1 0 , 0 0 0 of which $ 7 7 , 0 0 0

Purchased land and an existing retail store for $110,000 of which $77,000 is considered land cost. Paid $33,000 by cheque no.98 for the retail store and signed a mortgage payable for the balance. The retails store is depreciated over its useful life of 10 years. show me the journal entries

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