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5 August, 14:56

Benson Co. purchased land and paid the full purchase price in cash. The journal entry necessary to record this event includes a: A. debit to Land and a debit to Cash. B. debit to Cash and a credit to Land. C. credit to Land and a credit to Cash. D. debit to Land and a credit to Cash.

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  1. 5 August, 17:24
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    A. debit to Land and a debit to Cash.

    Explanation:

    Land, an asset, is increased with a debit, and cash, another asset is decreased with a credit.
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