INSTRUCTION:Question 1 already done. Only answer Question 2]NOTE: This is a very short Question that shouldnt take more than 10 minutesDeadline: 1hr. Am continuing with the test now2. Write the jo

  INSTRUCTION:

Question 1 already done. Only answer Question 2]

NOTE: This is a very short Question that shouldnt take more than 10 minutes

Deadline: 1hr. Am continuing with the test now

2. Write the journal entry (entries) to record the long-term assets to the correct accounts. Land, Land Improvements, and Building assets were financed on mortgage payable. Furniture and Equipment were financed on a note payable.