Ignoring GST, Which of the Following Entries Correctly Records the Purchase

Multiple Choice

Ignoring GST, which of the following entries correctly records the purchase of land for $300 000 financed by a $100 000 cash deposit with the balance payable via a 20-year, 6% loan?

A) DR Land $100 000; CR Bank $100 000
B) DR Land $300 000; CR Bank $300 000
C) DR Land $300 000; CR Bank $100 000; CR Loan $200 000
D) DR Land $300 000; CR Loan $300 000