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the questions are from financial accounting Balance Sheet Equation, Assets, Liabilities, and Stockholders' Equity 8. Which journal entry reflects the following transaction? BOC bought $300,000
the questions are from financial accounting
Balance Sheet Equation, Assets, Liabilities, and Stockholders' Equity 8. Which journal entry reflects the following transaction? BOC bought $300,000 building with $50,000 cash and mortgage taken from a bank DR Building 300,000 CR Mortgage 250,000 CR Cash 50,000 Dr Mortgage 250,000 Dr Cash 50,000 Cr Building 300,000 Dr Cash 50,000 Cr Building 300,000 Dr Building 300,000 Cr Cash 50,000 Dr Building 300,000 Cr Cash 300,000 9. Which journal entry reflects the following transaction? BOC BOUGHT $10,000 OF INVENTORY ON ACCOUNT. Dr Inventory 10,000 Cr Cash 10,000 Cr Inventory 10,000 Cr Accounts Payable 10,000 Dr Accounts Receivable 10,000 Cr Inventory 10,000 Dr Accounts Payable 10,000 Cr Inventory 10,000 Dr Inventory 10,000 Cr Accounts Receivable 10,000Step by Step Solution
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