How to record this journal entry? bought 2 computers for a total of $7200 by paying $675

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How to record this journal entry?

bought 2 computers for a total of $7200 by paying $675 down and signing a note payable for the rest. The interest of 10% to be paid with the note payable on next yr. The computers are expected to last 2 yrs.

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Posted Date: Feb 03, 2024 12:15 AM

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How to record this journal entry? bought 2 computers for a total of $7200 by paying $675

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Financial and Managerial Accounting the basis for business decisions

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