635 Martinelli Company recently purchased a truck. The price negotiated with the dealer was $85,000. Martinelli...
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635 Martinelli Company recently purchased a truck. The price negotiated with the dealer was $85,000. Martinelli also paid sales tax of $6,000 on the purchase, shipping and preparation costs of $950, and insurance for the first year of operation of $2,000. For the truck, what amount should be debited to the asset account Vehicles? Multiple Choice $85,950 $91,000 $85,000 $91,950) 635 Martinelli Company recently purchased a truck. The price negotiated with the dealer was $85,000. Martinelli also paid sales tax of $6,000 on the purchase, shipping and preparation costs of $950, and insurance for the first year of operation of $2,000. For the truck, what amount should be debited to the asset account Vehicles? Multiple Choice $85,950 $91,000 $85,000 $91,950)
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