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ACCT 2301 - Exam 3-Practice Exam Caleb and Cassy formed C&C Construction Corp. in 2022. On November 1,theCorp.goesto Mustang Cat to purchase a new Bulldozer

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ACCT 2301 - Exam 3-Practice Exam Caleb and Cassy formed C\&C Construction Corp. in 2022. On November 1,theCorp.goesto Mustang Cat to purchase a new Bulldozer for $300,000. They put $20,000 down and finance the rest with a 4%,5 year note payable, due in monthly payments of $5,156.63 for both principal and interest beginning 11/30. The Corp. will depreciate the tractor monthly over 10 years with an estimated salvage value of $36,000. 1. Record the purchase of the BullDozer. 2. Record the first payment. 3. Record the second payment Note: ACCT 2301 - Exam 3-Practice Exam Caleb and Cassy formed C\&C Construction Corp. in 2022. On November 1,theCorp.goesto Mustang Cat to purchase a new Bulldozer for $300,000. They put $20,000 down and finance the rest with a 4%,5 year note payable, due in monthly payments of $5,156.63 for both principal and interest beginning 11/30. The Corp. will depreciate the tractor monthly over 10 years with an estimated salvage value of $36,000. 1. Record the purchase of the BullDozer. 2. Record the first payment. 3. Record the second payment

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