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Shola is purchasing land for a coffee shop, which she plans to operate for ten years. She buys the land for $400,000 and pays her

Shola is purchasing land for a coffee shop, which she plans to operate for ten years. She buys the land for $400,000 and pays her realtor a commission of $6,000. Land clearing and paving costs $2,000 (evenly split). She also installs fencing for $1,000. Shola is making one journal entry (with each necessary account appearing only once) to update her records. The journal entry includes:

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