This section is from the book "Elementary Banking", by John Franklin Ebersole. Also available from Amazon: Elementary Banking.
There are, of course, many ways of acquiring real estate, but the detail of that cannot be dealt with here. To illustrate one way: suppose the bank buys outright its banking house and lot for $50,000, the general ledger entries would be:
Debit: Banking House and Lot (24) . .
Credit: Cash (11) ..............