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by Anonymous on October 5th, 2009

Anonymous

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My company sold a building for 100,000
Net book value was 80,000
Closing costs paid my my company 6,000 which were real estate taxes and deed transfer fees
My company paid 2,000 in sellers assist closing costs
journal entry is

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Answers. 1 helpful answer below.

  • by Blue Tiger. on October 5th, 2009

    Blue Tiger.

    1) Bank 100000
    to Building 80000
    to capital gain 20000

    2) taxes 6000
    to bank 6000

    3) Seller assistant 2000
    to bank 2000


    I hope I haven't made any mistakes. :O

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