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4 of 11 View Policies Show Attempt History Current Attempt in Progress Janus Coat Company purchased a delivery truck on June 1 for $30,000, paying
4 of 11 View Policies Show Attempt History Current Attempt in Progress Janus Coat Company purchased a delivery truck on June 1 for $30,000, paying $10,000 cash and signing a 6%, 2-month note for the remaining balance. The truck is expected to depreciate $6,000 each year. Janus Coat Company prepares monthly financial statements (a) and (b) Your answer is partially correct. (a) Use the tabular summary below to record the acquisition of the delivery truck on June 1st. (b) Enter any adjustments that should be made on June 30, using the tabular summary (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45). Do not leave any answer field blank. Enter O for amounts.) Cash (a) June 1 (b) June 30 (c) June 30 Save for Later Assets Equipment -10000 30000 Accum. Depr. Equip The parts of this question must be completed in order. This part will be available when you complete the part above. Liabilities Stockholders' Equity Notes Payable + Int. Payable Expenses -20000 -500 500 Depreciation Expense -100 100 Interest Expense Attempts: 1 of 2 used Submit
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