What are the journal entries for land that was purchased
Problem
What are the journal entries for land that was purchased for $1.5 million and sold for $3 million the purchase agreement says that $1.2 million will be paid when there are tenants on the land. In 2015 a payment of $1.2 million was made.
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problemwhat are the journal entries for land that was purchased for 15 million and sold for 3 million the purchase
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