On November 11, land, building and equipment were purchased for a total amount of $1,590,000 cash. The assessed values of these purchases were, Land - $1,033,500; Building - $397,500; Equipment - $556,500. Write the journal entry that records the purchase. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole dollar. Enter the debit accounts in alphabetical order. Date Account Title and Explanation Debit Credit

On November 11, land, building and equipment were purchased for a total amount of $1,590,000 cash. The assessed values of these purchases were, Land - $1,033,500; Building - $397,500; Equipment - $556,500. Write the journal entry that records the purchase. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole dollar. Enter the debit accounts in alphabetical order. Date Account Title and Explanation Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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