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  • Mar 6, 2007, 01:24 PM
    flygirl18
    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?
  • Mar 6, 2007, 07:48 PM
    bhet
    Dr. Land 15000
    dr. building 75000
    Cr. Cash 9000
    Cr. Notes payable 81000

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