Provo Clothing purchased land, paying $ 80,000 cash plus a $ 220,000 note payable. In addition,…

Provo Clothing purchased land, paying $ 80,000 cash plus a $ 220,000 note payable. In addition,…

Provo Clothing purchased land, paying $ 80,000 cash plus a $ 220,000 note payable. In addition, Provo paid delinquent property tax of $ 1,500, title insurance costing $ 800, and $ 4,000 to level the land and remove an unwanted building. Record the journal entry for purchase of the land.View Solution:
Provo Clothing purchased land paying 80 000 cash plus a

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