Question

Accounting 101

for a T Account how would I show the below?

TITILE

DEBIT / CRIDIT

Purchased Building for $200,000

purchased land for $150,000

Answer 1

showing following transaction in T Account as under :

1) Purchased Building for $200,000

2) purchased land for $150,000

building
debit	credit
date	title	amount	date	title	amount
date of transaction	cash a/c	$200000
			end ot the period	balance	$200000
	total	$200000			$200000

land
debit	credit
date	title	amount	date	title	amount
date of transaction	cash or a/c	$150000
			end ot the period	balance	$150000
	total	$150000			$150000

cash
debit	credit
date	title	amount	date	title	amount
			date of transaction	building	$200000
end of the period	balance	$350000	date of transaction	cash	$150000
	total	$350000			$350000

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