Question
Which journal entry reflects the following transaction?: BOC bought a $300,000 building with $50,000 cash and a mortgage taken from a bank. a) Dr. Building
Which journal entry reflects the following transaction?:
BOC bought a $300,000 building with $50,000 cash and a mortgage taken from a bank.
a) Dr. Building 300,000
Cr. Mortgage 250,000
Cr. Cash 50,000
b) Dr. Mortgage 250,000
Dr. Cash 50,000
Cr. Building 300,000
c) Dr. Cash 50,000
Cr. Building 300,000
d) Dr. Building 300,000
Cr. Cash 50,000
e)Dr. Building 300,000
Cr. Cash 300,000
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Management Accounting For Beginners
Authors: Nicholas Apostolides
1st Edition
0815351224, 978-0815351221
