On August 7, Gideon Ridge Restaurant purchased a building in exchange for a note with a face
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Question:
On August 7, Gideon Ridge Restaurant purchased a building in exchange for a note with a face amount of $1,660,000. The cost of the land was $600,000. The building cost $900,000 and the parking lot was valued at $160,000.
Record the transaction in tabular form
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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