Major Corporation purchases land for $230,000. The company also pays $2,100 for a survey fee, $3,300...
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Major Corporation purchases land for $230,000. The company also pays $2,100 for a survey fee, $3,300 for broker commissions, and $11,000 for a fence. The corporation paid with a notes payable for all of the items. The journal entry would be: O A. Land 235,400 Land Improvements 11,000 Cash 246,400 OB. Land Cash 246,400 246,400 OC. Land 246,400 Notes Payable 246,400 OD. Land 235,400 Land Improvements 11,000 Notes Payable 246,400 Major Corporation purchases land for $230,000. The company also pays $2,100 for a survey fee, $3,300 for broker commissions, and $11,000 for a fence. The corporation paid with a notes payable for all of the items. The journal entry would be: O A. Land 235,400 Land Improvements 11,000 Cash 246,400 OB. Land Cash 246,400 246,400 OC. Land 246,400 Notes Payable 246,400 OD. Land 235,400 Land Improvements 11,000 Notes Payable 246,400
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