What are the journal entries for purchase of building for $800,00 with $400,000 down and a mortgage of $400,000.
Thank you
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What are the journal entries for purchase of building for $800,00 with $400,000 down and a mortgage of $400,000.
Thank you
Debit Building for 800,000
Credit Cash for 400,000
Credit Mortgage Payable for 400,000
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