Question: ons rary Tools At the beginning of this year, AAA purchased a food truck with cash (Cost: 27,000, salvage value: 4,000, useful life: 6 years).

ons rary Tools At the beginning of this year, AAA purchased a food truck with cash (Cost: 27,000, salvage value: 4,000, useful life: 6 years). What is the journal entry to record this purchase? ODR: Food Truck $23,000; CR: Cash $23,000 O DR: Food Truck $27,000; CR: Accounts Payable $27,000 O DR: Food Truck $31,000; CR: Accounts Payable $31,000 ODR: Food Truck $27,000; CR: Cash $27,000

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