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Home > Business & Careers > Accounting   »   Accounting

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Old Mar 6, 2007, 12:24 PM
flygirl18
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Accounting
If there is land purchased at 15000 and a building purshaces at 75000 and the seller agreed to accept a down payment of 9000 and a 5 year promisory note for the balance how to I enter it into the general journal?

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Old Mar 6, 2007, 06:48 PM   #2  
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dr. land 15000
dr. building 75000
cr. cash 9000
cr. notes payable 81000

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