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 1738 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


offcut

  • Newbie
  • *
  • Posts: 1
Reply #10 on: Oct 17, 2021
Thank you


Lexi Gutierrez

  • Newbie
  • *
  • Posts: 1
Reply #11 on: Nov 6, 2021
thank you


Chris Falbo

  • Newbie
  • *
  • Posts: 1
Reply #12 on: Nov 19, 2021
Thank you.


Kenny hernandez

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


Jayden Prina

  • Newbie
  • *
  • Posts: 2
Reply #14 on: Dec 15, 2021
Thank you


aawilliams0822

  • Newbie
  • *
  • Posts: 1
Reply #15 on: Apr 12, 2022
thank u


Pages: 1 2 All   Go Up
« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

A Tibetan wolf killed in 1938. Note the proportionately short legs A Tibetan wolf killed in 1938. Note the proportionately short legs
Raynaud’s phenomenon. Note the discoloration in the thumb and fingers. Raynaud’s phenomenon. Note the discoloration in the thumb and fingers.
How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives
A demonstration engine showing the amount of water that can be circulated through the cooling ... A demonstration engine showing the amount of water that can be circulated through the cooling ...
Deforestation of Land Deforestation of Land
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library