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Question 2 [5 points] On June 11, 2014, Oppong Corporation purchased land and a building for a total price of $430,000, paying cash of $50,000
Question 2 [5 points] On June 11, 2014, Oppong Corporation purchased land and a building for a total price of $430,000, paying cash of $50,000 and borrowing the balance from the bank to be repaid within 12 months. The bank appraised the land at $123,000 and the building at $287,000. Enter an appropriate description, and enter the date in the format dd/mmm (i.e., 15/Jan). General Journal Page GJ2 Date Account/Explanation F Debit Credit
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