Question: How do you put the amount into the debit and credit column below? 1. Acquisition of equipment (truck) Acquisition costs of trucks Company operates a

How do you put the amount into the debit and credit column below? How do you put the amount into the debit and credit column

1. Acquisition of equipment (truck) Acquisition costs of trucks Company operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1 2020 The terms of each of the four trucks are described as follows: Truck # 1 has a list price of $ 15,000 and is acquired with a cash payment of $ 13,900 Debit Credit Truck # 2 has a list price of $ 16,000 and is acquired for a down payment of $ 2,000 and a zero-interest-bearing note with a face amount of $ $ 14,000 The note is due April 1 2021 The company normally has to pay an interest rate of and the dealership has an incremental borrowing rate of 10% 8% for such a borrowing, Debit Credit 1

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