Prepare this journal entry: 1/2 purchased three lots of land which appraised at 174,000each ($522,000 total) for
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Prepare this journal entry:
1/2 purchased three lots of land which appraised at 174,000each ($522,000 total) for cash. one lot will serve as the location for a new store and one lot will serve as the location for a new store and one lot will serve as a parking lot. the third lot was purchased as an investment to be sold at an undermined future date.$522,000
1/2 paid 8 months rent in advance. $22,104
Related Book For
Business Statistics in Practice Using Data Modeling and Analytics
ISBN: 978-1259549465
8th edition
Authors: Bruce L Bowerman, Richard T O'Connell, Emilly S. Murphree
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