Paris Company Buys a Building on a Plot of Land $$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$

question 12

Essay

Paris Company buys a building on a plot of land for $100,000,paying $20,000 cash and signing a 20-year mortgage note for $80,000 at 6%.An appraisal shows the value of the building to be $70,000 and the value of the land to be $30,000.Please provide the journal entry for the purchase.
$$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$

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Definitions:

Automatic External Defibrillator

A portable electronic device that automatically diagnoses life-threatening cardiac arrhythmias and is able to treat them through defibrillation, the application of electrical therapy.

Carotid Pulse

The pulse felt along the carotid artery on the neck, indicating the heart rate and providing information on cardiac function.

Head Tilt-chin Lift Maneuver

A first aid technique used to open the airway of an unconscious patient to facilitate breathing.

Rescue Breaths

A component of CPR that involves breathing for the person who is not breathing on their own, to provide them with oxygen.