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    zaleia1's Avatar
    zaleia1 Posts: 1, Reputation: 1
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    #1

    Sep 12, 2009, 01:30 PM
    Summary Journal Entries
    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?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 12, 2009, 07:45 PM

    Please see the guidelines for posting homework problems:
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