QuickBooks Accountant 2018 (16th edition)

Chapter 8, Case 2, Event (transaction) #11

Event # Date Business Event 11 2/26/16 The company purchased a warehouse and land for $300,000 ($50,000 of the purchase price is attributable to the land). A cash payment using Check No. 128 for $30,000 was made to Hawaiian Farms. The remaining balance of $270,000 was satisfied by signing a long-term note payable to the Bank of California. (Hint: Use the check to record this entire transaction.) (Be sure to create two new accounts: a land account and a building fixed asset account. Also make sure the land account appears in the chart of accounts before all other fixed assets and that the accumulated depreciation account is the last fixed asset account.) 12 2/29/16 The comnan naid numel