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