On September 1, Erika Company purchased land for $47,500 cash. Provide the journal entry for this...

Question

Question

On September 1, Erika Company purchased land for $47,500 cash. Provide the journal entry for this transaction. If an amount b

Answer 1

Answer #1

Journal entry for the purchase of land with cash :

Sept. 1	Land	$47,500
	Cash		$47,500

Answer 2

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