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Required information E9-2 (Algo) Computing and Recording a Basket Purchase and...

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Required information E9-2 (Algo) Computing and Recording a Basket Purchase and Straight-Line Depreciation (LO 9-2, LO 9-3) [The following information applies to the questions displayed below.) Bridge City Consulting bought a building and the land on which it is located for $115,000 cash. The land is estimated to represent 50 percent of the purchase price. The company paid $8,000 for building renovations before it was ready for use. E9-2 (Algo) Part 2 Required: 2. Prepare the journal entry to record all expenditures. Assume that all transactions were for cash and they occurred at the start of the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A Record all expenditures for the land and bulldings assuming all transactions were paid for with cash and occurred at the start of the year. Note: Enter debits before credits. Transaction General Journal Debit Credit

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