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Use the following information to answer the two questions that follow. Frank Company purchased a building and paid $50,000 cash. 1.The journal entry would include
Use the following information to answer the two questions that follow.
Frank Company purchased a building and paid $50,000 cash.
1.The journal entry would include a debit to which account?
a.Cash
b.Building
c.Building Expense
d.Accounts payable
e.Accumulated Depreciation - Building
2.The journal entry would include a credit to which account?
a.Cash
b.Building
c.Building Expense
d.Accounts payable
e.Accumulated Depreciation - Building
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