Question: Problem 10-2A Asset purchased with a note LO2,43 Quebee Construction Company purchased some equipment on Sepiember 10, 2023, that had a cost of 5190,000 (ignore
Problem 10-2A Asset purchased with a note LO2,43 Quebee Construction Company purchased some equipment on Sepiember 10, 2023, that had a cost of 5190,000 (ignore GST/PS1). Show the journal entries that would record this purchase and payment under these three separate situations: a. The company paid cush foe the full purchase price. b. The company purchased the equipment on eredit with terms 1/30, n/60. Payment was made on October 9,2023. c. The compary signed a 12%, oneyear note for the full purchase price. The note was puid on September 10, 2024, the maturity date. Ignore yearend accruals
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