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Scotts Company purchased a $70,000 building and purchased five used desks for $500. What would...

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Accounting

Scotts Company purchased a $70,000 building and purchased five used desks for $500. What would the debit portion of the entry to record the purchases include?

a. A Debit to Assets-Building $70,000 and a Debit to Assets-desks $500

b. A Debit to Assets-Building $70,000 and a Debit to Expense-desks $500

c. Debit to Expense $70,000 and a Debit to Assets-desks $500

d. A Debit to Expense $70,500

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