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step-through method for bennet company paid $350,000 for land purchased.

step-through method for bennet company paid $350,000 for land purchased.
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step-through method for bennet company paid $350,000 for land purchased.

Land is purchased by paying cash

The Land account is an asset account with a debit balance. When Land is purchased, the Land account increases because the company has more land, so the Land account is debited.
The Cash account is an asset account with a debit balance. The Cash account decreases when cash is paid, so the Cash account is credited.

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