Suppose you have some taxes you must pay by the end of the year, how would you record this transaction? Debit Retained Capital and Credit Taxes Payable Debit Retained Caoital and Credit Taxes Payable Non-current Debit Taxes Payable Non-current and Credit Retained Capital Debit Taxes Payable and Credit Retained Capital Question 2 2 pts If you purchased additional land to expand your operation, how would you record this transaction? Debit Land, Buildings and Improvements and Credit Cash Debit Cash and Credit Land, Buldings and Improvements Debit Real Estate and Credit Cash d. and Improvements Debit Cash and Credit Real Estate Question 3 2 pts If you paid the principle on a crop production loan, how would you record this transaction? Debit Notes Payable Due within One Year and Credit Cash Debit Notes Payable Due within One Year and Credit Accounts Receivable Debit Notes Payable Due within One Year and Credit Gifts and Inheritances Debit Notes Payable Due within One Year and Credit livestment in Growing Crops