Question: Turn into a general journal. Example problem: Bought land for $60, collected consulting revenue of $200... What is the journal entry? Let me know if

Turn into a general journal.

Example problem: Bought land for $60, collected consulting revenue of $200... What is the journal entry?

Let me know if you need more information to answer.

I assume it was

Land- 60

Consulting Revenue-200

Cash- 140

However, I don't think that balances out. What am I missing?

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