How to post journal entry planning for the expansion

Reference no: EM133611563

Question: How to post journal entry Planning for the expansion of operations this year, Blue Ridge Corporation closed on the following Real Estate transaction on January 31: Blue Ridge paid $200,000 for real estate with land, a building, and furniture and equipment. The land is appraised at $92,250; building is appraised at $102,500; and the furniture and equipment are appraised at $10,250.

Reference no: EM133611563

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