Enron Company decided to relocate its headquarters to Westwego City in Jefferson Parish. To attract this high-tech company, the City agreed to pay 20% of the $20 million costs of the headquarters. The building was completed on May 2, 2009. Enron received 20% percent in cash. Required: Prepare the Journal entries Enron should make in its General Journal

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  1. Enron Company decided to relocate its headquarters to Westwego City in Jefferson Parish. To attract this high-tech company, the City agreed to pay 20% of the $20 million costs of the headquarters. The building was completed on May 2, 2009. Enron received 20% percent in cash.

Required:

Prepare the Journal entries Enron should make in its General Journal.

 

 

 

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