11. Smith paid the following costs on July 7th in connection with a building. All amounts were paid in cash. New elevator system $200,000 Painting of lobby $20,000 Required: Record the appropriate journal entry(ies).

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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11. Smith paid the following costs on July 7th in connection
with a building. All amounts were paid in cash.
New elevator system $200,000
Painting of lobby $20,000
Required: Record the appropriate journal entry(ies).
Transcribed Image Text:11. Smith paid the following costs on July 7th in connection with a building. All amounts were paid in cash. New elevator system $200,000 Painting of lobby $20,000 Required: Record the appropriate journal entry(ies).
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