Record the purchase on account of a $32,000 delivery truck in the province of British Columbia, where

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Record the purchase on account of a $32,000 delivery truck in the province of British Columbia, where the PST is 7%?

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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Question Posted: Mar 15, 2017 11:27 AM

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The correct entry should be Debit: Armstrong, Capital $48,000 Credit: Cash $58,000 Debit: Jackson, Capital $5,000 Debit: Tanner, Capital $5,000

Record the purchase on account of a $32,000 delivery truck in the province of British Columbia, where

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Accounting Principles Part 1

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