Question: Create a journal entry for May 1 st based upon the following information: On April 1 , 2 0 2 3 , Clyde Barrow Company

Create a journal entry for May

1

st based upon the following information: On April

1, 2023,

Clyde Barrow Company bought a delivery truck for $

75000

on a

10 %,

five

-

year installment note. You have been tasked with preparing an amortization table in Excel for the bookkeeper to assist him in recording the monthly payments, with the first payment starting on May

1, 2023 .

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