Homework Clinic

Social Science Clinic => Accounting => Topic started by: mspears3 on Feb 18, 2020

Title: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: mspears3 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
Title: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: zhanghao on Feb 18, 2020: debit land $17,900, debit land improvement $39,800, credit cash $57,700
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: Eric Salas on Jul 22, 2020: Thank you
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: robert walker on Oct 15, 2020: thank you
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: Thanh Truc Phan on Oct 18, 2020: thank you!
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: Daniel Di Matteo on Oct 27, 2020: Thank you
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: Oof Nibbingson Jagologogo on Oct 30, 2020: thank you
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: slimjim on Apr 13, 2021: Thank you
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: lraym1 on Apr 13, 2021: thank you
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
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Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: offcut on Oct 17, 2021: Thank you
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: Lexi Gutierrez on Nov 6, 2021: thank you
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: Chris Falbo on Nov 19, 2021: Thank you.
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: Kenny hernandez on Dec 13, 2021: Thank you
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: Jayden Prina on Dec 15, 2021: Thank you
Title: Re: Farrell, Inc. purchased land for $82,000 by signing a note payable for the same amount. ...
Post by: aawilliams0822 on Apr 12, 2022: thank u