1. PROPERTY PLANT AND EQUIPMENT JOURNAL ENTRIES LAND WAS PURCHASED FOR $10,000 OF CASH

2. LAND $10,000 CASH $10,000

3. LAND WAS PURCHASED BY BORROWING $20,000

4. LAND $20,000 NOTES PAYABLE $20,000

5. AN OWNER TRANSFERRED LAND WORTH $30,000 TO THE COMPANY FOR COMMON STOCK

6. LAND $30,000 COMMON STOCK $30,000

7. EQUIPMENT WAS PURCHASED FOR $5,000 OF CASH

8. EQUIPMENT $5,000 CASH $5,000

9. EQUIPMENT WAS PURCHASED ON CREDIT FOR $18,000

10. EQUIPMENT $18,000 NOTES PAYABLE $18,000

11. AN OWNER TRANSFERRED EQUIPMENT WORTH $3,000 TO THE COMPANY IN EXCHANGE FOR COMMON STOCK

12. EQUIPMENT $3,000 COMMON STOCK $3,000

13. A BUILDING WAS PURCHASED FOR $40,000 OF CASH

14. BUILDING $40,000 CASH $40,000

15. A BUILDING WAS ACQUIRED FOR $50,000 BY BORROWING

16. BUILDING $50,000 NOTES PAYABLE $50,000

17. AN OWNER TRANSFERRED A BUILDING WORTH $100,000 TO A COMPANY IN EXCHANGE FOR COMMON STOCK

18. BUILDING $100,000 COMMON STOCK $100,000

19. REVIEW WHEN EQUIPMENT, BUILDING OR LAND IS PURCHASED IT IS PAID FOR WITH CASH, BORROWING OR COMMON STOCK