View Single Post
Old 04-06-2008, 12:17 AM   #1 (permalink)
boolean
 
Status: n00b
Join Date: Mar 2008
Location: Florida
Posts: 25
boolean is on a distinguished road
Default Purchase of two different assets

Can anyone help me with this transaction? Do not know how to record it in the general journal, i.e. what gets debited/credited (step-by-step).

A company purchased 1) a building for $3,200 and 2) land for $2,700 and paid for all of these 1) by cash in the amount of 4,100 and 2) by taking a 10-year mortgage in the amount of 1,800.
boolean is offline   Reply With Quote
Sponsored links