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A car is sold for $36,000, zero down-payment, and 72 month equal payments at 0% interest. The market interest rate for a 6-year car loan
- A car is sold for $36,000, zero down-payment, and 72 month equal payments at 0% interest. The market interest rate for a 6-year car loan is 3.5%. You bought the car for your company. What is the entry to record the asset and liability
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Financial Accounting For Non Specialities
Authors: Peter Atrill, Eddie McLaney
2nd Edition
0139833625, 9780139833625
