Mary and Chloe's Enterprises decided to relocate its office headquarters to the city of Nassau. The city agreed to pay 30% of the $15 million cost of building the headquarters in order to entice Mary and Chloe to relocate. The building was completed on May 3, 2013. Mary and Chloe paid their portion of the cost of the building in cash. 

Required:

Prepare the journal entry for Mary and Chloe's Enterprises.

Answer rating: 100% (QA)

To prepare the journal entry for Mary and Chloes Enterprises regarding the relocation and p... View the full answer