Question: What is the correct answer? Multiple Choice. 1. A new building was built by paying 50 percent cash down and signing a banknote for the
What is the correct answer? Multiple Choice.

1. A new building was built by paying 50 percent cash down and signing a banknote for the remainder of P3M A. Debit Building P3M Credit Cash P1.5M Credit Notes Payable P1.5M B.Cash P3M Credit Building P1.5M Credit Notes Receivable P1.5M C Debit Building P6M Credit Cash P3M Credit Notes Payable P3M D Cash P6M Credit Building P3M Credit Notes Receivable P3M E Debit Building PM Credit Cash P3M Credit Accounts Payable P3M
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