Question
Which of the following journal entries is correct when a business entity purchases land costing $49,000...
| Which of the following journal entries is correct when a business entity purchases land costing $49,000 by signing a one-year note payable? |
| Land | 49,000 | |
| Notes payable | 49,000 |
| Cash | 49,000 | |
| Notes payable | 49,000 |
| Notes payable | 49,000 | |
| Land | 49,000 |
| Land | 49,000 | |
| Accounts payable | 49,000 |
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Answer #1
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