Which of the following journal entries is correct when a business entity purchases land costing $30,000 by signing a one-year note payable? 
Definitions:
Positive Events
Events that lead to beneficial or favorable outcomes for individuals or groups.
Letter Of Gratitude
A written expression of thanks or appreciation, often directed towards a specific person, which can enhance wellbeing and strengthen relationships.
Life Affirming
Describes actions or attitudes that emphasize the value, goodness, and enjoyment of life.
Gratitude Letter
A written expression of appreciation towards someone else, often highlighting specific reasons for being thankful.
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