Ask Experts Questions for FREE Help !
Ask
    wengerdth's Avatar
    wengerdth Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 12, 2011, 06:23 PM
    Fixed assets journal entry building purchase with loan and cash
    I just can't remember the journal entry for a not for profit to purchase a building where part was paid in cash $350,000 and part loan payable $400,000

Check out some similar questions!

Journal entry purchase building for less than appraised value [ 1 Answers ]

I am stuck. I need to prepare a journal entry for purchase of building. The confusing part is that there is a mortgage of 60,000 and cash of $30,000. But it says that the building is appraised at $100,000. How do I get to the $100,000?

Journal entry for fixed assets [ 1 Answers ]

What journal entry do I make to record the value of fixed assets acquired months ago?

View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.