On December 31 of the current year, Jones Company purchased a building for $100,000, paying $40,000 in cash and signing a 15-year mortgage for the $60,000, taken out at 5% interest. The journal entry to record the purchase of the building would be:.
A. Unselected Date Accounts Debit Credit Building 100,000 Mortgages Payable 60,000 Cash 40,000.
B. Unselected Date Accounts Debit Credit Building 100,000 Interest Expense 3,000 Mortgages Payable 60,000 Cash 43,000.
C. Unselected Date Accounts Debit Credit Mortgages Payable 60,000 Cash 40.

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u. s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.