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On December 1, 2017, Hogan Co. purchased equipment From WeeSellEquipment (WSE) invoiced for $400,000. Not...

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Accounting

On December 1, 2017, Hogan Co. purchased equipment From WeeSellEquipment (WSE) invoiced for $400,000. Not including the following:

Sales Tax (to be paid to the WSE) $40,000

Shipping (to be paid to FedEx) 10,000

Concrete slab necessary for equipment (to be paid to ABC) 30,000

Cash paid for 12 month prepaid maintenance concrete 12,000

Prepare Journal Entry

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