Question: Example: On March 1, 2010, ABC Company sold a machine to XYZ company. XYZ made a cash down payment of $4,000 and signed a 90


Example: On March 1, 2010, ABC Company sold a machine to XYZ company. XYZ made a cash down payment of $4,000 and signed a 90 day non-interest bearing note of $8,000 discounted at 10%. Determine the cost to be allocated to the truck and show the journal entry
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