Sabonis Cosmetics Co. purchased machinery on December 31, 2018, paying $50,000 down and agreeing to pay the
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Instructions
Prepare the journal entries that would be recorded for the purchase and for the payments and interest on the following dates.
a. December 31, 2018.
b. December 31, 2019.
c. December 31, 2020.
d. December 31, 2021.
e. December 31, 2022.
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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