Benson Co.purchased land and paid the full purchase price in cash.Which of the following would be included in the journal entry necessary to record this event?
A) A debit to Land and a debit to Cash
B) A debit to Cash and a credit to Land
C) A credit to Land and a credit to Cash
D) A debit to Land and a credit to Cash
Correct Answer:
Verified
Q8: What is the term that is used
Q9: Which of the following statements regarding credit
Q10: Q11: Which of the following accounts is decreased Q12: Which of the following accounts normally has Q14: Which account is increased by a credit? Q15: A transaction has been recorded in the
A)Accounts
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