Q21

Jasper Corporabion purchases land for $160,000,00. The company also pasys $2,600,00 for a survey fee, $3,200.00 for broker commissions, and $10,000,00 for a parking lot. The corporation pad cash The joumal entry would bo: A. Land Notes Payable 175,800 175,800 B. Land Land improvements 165,80010,000 Cant 175,800 c. Land Land improvements 165,800 Notes Payatile 175,000 D. Land 175.800 Cash 175,800