Refer to the information for Dandy Candy on the below. Dandy Candy bought a delivery vehicle for
Question:
Dandy Candy bought a delivery vehicle for $45,000 by issuing an 8% installment note on January 1, 2021. Dandy will make 12 monthly payments of $3,914.50 at the end of each month.
Required:
Prepare the journal entries for the end of March and the end of April.
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