Purchase a warehouse building for $50,000 by issuing a check. What is journal entry [Archive]

Bowser48

Mar 6, 2012, 09:25 AM

If I purchases a warehouse building for $50,000 by issuing a check. What is my journal entry?

pready

Mar 6, 2012, 03:55 PM

Debit Building for the cost
Credit Cash for the same amount