Add the purchase of land and a warehouse building from Deluxe Properties, check no. 1012, amount: $10,000, as a down payment on land $15,000 and a building $35,000. The balance was paid by signing a long-term note for $40,000 to the Bank of San Diego (a new vendor)
Add the purchase of land and a warehouse building from Deluxe Properties, check no. 1012, amount: $10,000, as a down payment on land $15,000 and a building $35,000. The balance was paid by signing a long-term note for $40,000 to the Bank of San Diego (a new vendor)
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section: Chapter Questions
Problem 6AP
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Add the purchase of land and a warehouse building from Deluxe Properties, check no. 1012, amount: $10,000, as a down payment on land $15,000 and a building $35,000. The balance was paid by signing a long-term note for $40,000 to the Bank of San Diego (a new vendor)
I have seen a one almost the same but its not what im looking for. Do we add a check for the 10,000 and what accounts? and then
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