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Business & farm
Thanks for replying. So I just need to debit (increase) RE asset account by the $39,194 loss? Would I debit (increase) the equity amount or the land amount? Or perhaps divide the $39,194 ÷ 2 = $19,597 and debit (increase) equity and land by $19,597 each?
Really appreciate your help.
February 10, 2021
5:28 PM