What Effects Does This Journal Entry Have on the Accounts

question 210

Multiple Choice

$$\begin{array} { | l | l | c | l | l | l | } \hline \text { May } & 24 & \text { Land } & & 105,000 & \\\hline & & \text { Cash } & & & 105,000 \\\hline & & \text { Purchased land for business. } & & & \\\hline\end{array}$$ What effects does this journal entry have on the accounts?

• A) increase Cash and increase Land
• B) increase Land and decrease Cash
• C) decrease Cash and decrease Land
• D) increase Cash and decrease Land

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