Question: Problem 10-2B Asset purchased with a note [G: LO2, 3 Herituge Arehitect Company of Manitoba purchased some modular office furmiture on March 10,2023 that lad
Problem 10-2B Asset purchased with a note [G: LO2, 3 Herituge Arehitect Company of Manitoba purchased some modular office furmiture on March 10,2023 that lad a pat of szie0 (ignore GSI/PST). Show the journal entries that would record this purchase and payment under these thrss kepurate st pisin a. The company paid cash for the full purchase price. b. The company purchased the furniture on eredit with terms 1/30, n/60. Payment was mude on Aprii 9., 202: e. The company signed a 10%, oneyear note for the full purchase price. The note was paid on March 10, 2024 the maunioy s jearend aceruals. Prohlem 10-28 Asset purchased with a note , Heritage Architect Company of Manitoba purchased some modular otfice furniture on Mareh 10, 2023 that had a cost of $290.000 (ienore GSIPSI). Show the journal entries that would record this purchase and payment under these three separate situations 3. The company paid cash for the full purchase price. b. The company purchased the furniture on credit with terms 1/30, n/60. Payment was made on April 9,2022 , e. The company signed a 10%, one-year note for the full purchase price. The note was paid on March 10, 2024, the maturity dare. Isicise yeanend aceruals
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