Stanton Delivery purchased a truck costing $ 1 0 0 , 0 0 0 on September 3
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Question:
Stanton Delivery purchased a truck costing $ on September by paying $ down and signing a day note payable for the balance. Stanton's year end is December
Prepare journal entries to:
a record the purchase of the truck on September
b record the accrual of interest on December
c record payment of the note on March
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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