Sabonis Cosmetics Co. purchased machinery on December 31, 2018, paying $50,000 down and agreeing to pay the
Question:
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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a December 31 2018 Machinery 18248520 Cash 5000000 Notes Payable 13248520 To record machinery at the ...View the full answer
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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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