Snowbot Snow Removal Company of Halifax purchased some snowplow equipment on March 10, 2023, that had a cost of $150,000 (ignore GST/PST). Show the journal entries that would record this purchase and payment under these three separate situations:

a. The company paid cash for the full purchase price.

b. The company purchased the equipment on credit with terms 1/30, n/60. Payment was made on April 9, 2023.

c. The company signed a 12%, one-year note for the full purchase price. The note was paid on March 10, 2024, the maturity date. Ignore year-end accruals.