This topic contains a solution. Click here to go to the answer
« previous next »
Pages: 1 2  All   Go Down

Author Question: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ... (Read 1751 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
on: Feb 18, 2020
Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. Additionally, Farrell paid cash for the following: title insurance of $1,700, a commission of $8,200, $4,600 to remove an unwanted building, $3,400 to level and grade the property, $12,000 for paving, $21,000 to construct a fence around the perimeter, and $6,800 for lighting. The journal entry for the cash payment is:
◦ debit land $9,900, debit land improvement $47,800, credit cash $57,700
◦ debit land $17,900, debit land improvement $39,800, credit cash $57,700
◦ debit land $99,900, debit land improvement $39,800, credit cash $139,700
◦ debit land $91,900, debit land improvement $47,800, credit cash $139,700
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mspears3 on Feb 18, 2020

zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


Eric Salas

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Jul 22, 2020
Thank you


robert walker

  • Newbie
  • *
  • Posts: 2
Reply #3 on: Oct 15, 2020
thank you


Thanh Truc Phan

  • Newbie
  • *
  • Posts: 2
Reply #4 on: Oct 18, 2020
thank you!


Daniel Di Matteo

  • Newbie
  • *
  • Posts: 5
Reply #5 on: Oct 27, 2020
Thank you


Oof Nibbingson Jagologogo

  • Newbie
  • *
  • Posts: 2
Reply #6 on: Oct 30, 2020
thank you


slimjim

  • Newbie
  • *
  • Posts: 1
Reply #7 on: Apr 13, 2021
Thank you


lraym1

  • Newbie
  • *
  • Posts: 2
Reply #8 on: Apr 13, 2021
thank you


dudeman123456789

  • Newbie
  • *
  • Posts: 1
Reply #9 on: May 17, 2021
thank you to unlock


Pages: 1 2  All   Go Up
« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Skull of an Oriental giant squirrel (genus Ratufa) - note the classic sciuromorphous shape of the an Skull of an Oriental giant squirrel (genus Ratufa) - note the classic sciuromorphous shape of the an
The Canadian ballot is considerably simpler than the American ballot. Note there is nothing like a c The Canadian ballot is considerably simpler than the American ballot. Note there is nothing like a c
The sense of taste. Note: taste buds are located on the anterior and posterior portions of the ... The sense of taste. Note: taste buds are located on the anterior and posterior portions of the ...
Remove the fuel injector cleaning canister’s top and regulator assembly. Note that there is an ... Remove the fuel injector cleaning canister’s top and regulator assembly. Note that there is an ...
A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ... A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library