If a business sells a piece of land for a gross profit of $900,000 then what accounts would be debted and credited in a journal entry if there was originally a down of $500,000, then two equal annual payments of $200,000 for the next 2 years?
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If a business sells a piece of land for a gross profit of $900,000 then what accounts would be debted and credited in a journal entry if there was originally a down of $500,000, then two equal annual payments of $200,000 for the next 2 years?
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