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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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