Multiple Choice
S & C, Inc. purchases a building for $70,000 cash. The journal entry would include a:
A) debit to Building and a credit to Cash.
B) debit to Common Stock and a credit to Building.
C) debit to Building and a credit to Accounts Payable.
D) debit to Building and a credit to Common Stock.
Correct Answer:
Verified
Correct Answer:
Verified
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