Business, 07.05.2020 05:09 ecletcicbeauty946

Clothing purchased land, paying $ 105 comma 000 cash and signing a $ 320 comma 000 note payable. In addition, Clawson paid delinquent property tax of $ 2 comma 000, title insurance costing $ 850, and $ 5 comma 500 to level the land and remove an unwanted building. Record the journal entry for purchase of the land. Begin by determining the cost of the land.

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Clothing purchased land, paying $ 105 comma 000 cash and signing a $ 320 comma 000 note payable. In...