Darin Company purchased land at a cost of $15,000 and planned to use it to construct
January 5th, 2018
Darin Company purchased land at a cost of $15,000 and planned to use it to construct a new storage facility on the property. A short time later, the company changed its plans and sold the property to Dee Company for $15,000. Dee Company signed a note for $15,000 that is due in 60 days. The journal entry prepared by Darin Company to record the sale of the property would include which of the following?Credit to Note ReceivableCredit to LandDebit to CashDebit to Accounts Payable
