Shahia Company bought a building for $82,000 cash and the land on which...
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Shahia Company bought a building for $82,000 cash and the land on which it was located for $113,000 cash. The company paid transfer costs of $16,000 ( $6,000 for the building and $10,000 for the land). Renovation costs on the building before it could be used were $33,000. quired: repare the journal entry to record the purchase of the property, including all relevant expenditures. Assume that all transaction e for cash and that all purchases occurred at the start of the year. te: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the purchase of property, including all expenditures, paid with cash. Note: Enter debits before credits
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Shahia Company bought a building for $82,000 cash and the land on which it was located for $113,000 cash. The company paid transfer costs of $16,000 ( $6,000 for the building and $10,000 for the land). Renovation costs on the building before it could be used were $33,000. quired: repare the journal entry to record the purchase of the property, including all relevant expenditures. Assume that all transaction e for cash and that all purchases occurred at the start of the year. te: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the purchase of property, including all expenditures, paid with cash. Note: Enter debits before credits 