menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Accounting
  4. Exam
    Exam 11: Long Term Assets
  5. Question
    Joanna Purchased a Land for $48,000 and Paid Additional $2,000
Solved

Joanna Purchased a Land for $48,000 and Paid Additional $2,000

Question 19

Question 19

Short Answer

Joanna purchased a land for $48,000 and paid additional $2,000 for parking lot. The entry to record the payment for the parking lot is: Joanna purchased a land for $48,000 and paid additional $2,000 for parking lot. The entry to record the payment for the parking lot is:

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: Land and a building on the land

Q20: A company purchases land, a building on

Q23: A company purchases an oil well for

Q24: Starsky Manufacturing Company purchased three machines

Q50: Which of the following would be considered

Q73: The cost to defend a patent successfully

Q77: When disposing of equipment,the Equipment account is

Q81: Depreciation should not be recorded for a

Q151: A truck that cost $20,000 and on

Q210: A delivery truck was purchased for $32,000

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines