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u viducount. May 4: Paid $49,000 cash for building and land. The building had a fair market value of $43,000. Prepare a compound entry. Date

u viducount. May 4: Paid $49,000 cash for building and land. The building had a fair market value of $43,000. Prepare a compound entry. Date Accounts and Explanation Debit Credit May 4

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