On the basis of the details of the following fixed asset account, indicate the items to be
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ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 2008 Jan Feb. 10 Purchased for cash Nov. 20 Purchased with long-term 1 Balance 160,000 486,000 326,000 mortgage note 400,000 886,000
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Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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