Ask Experts Questions for FREE Help !


Type: Posts; User: phugh003

Search: Search took 0.00 seconds.

  1. Dr. Cash $1,544,319.84 (net...

    Dr. Cash $1,544,319.84 (net proceeds)
    Dr. Selling costs 121,845.91
    Cr. Land 346,936.72
    Cr. Gain on Sale ...
  2. How do I record the gain/loss on a sale of land for the company that I work for?

    I need to know how to record the journal entries for gain on sale of land. The facts are as follows:
    Purchase Price $ 1,666,165.75
    Cost Basis $346,936.72

    Closing Costs:...
Results 1 to 2 of 2