What is the Journal Entry for the Following Problem? Purchased a delivery truck (account as...
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Accounting
What is the Journal Entry for the Following Problem?
Purchased a delivery truck (account as equipment) at a cash price of $30,000. Paid $5,000 in cash and financed the remaining at 6% to be paid in 36 equal monthly payments. Related additional cash expenditures were: sales taxes $2,000, painting and lettering company logo $500 and a one-year insurance policy $1200
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