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Blue Spruce Company purchased a delivery truck on June 1 for $24.000, paying $0.200 cash and signing a 6%, 2-month note for the remaining balance.
Blue Spruce Company purchased a delivery truck on June 1 for $24.000, paying $0.200 cash and signing a 6%, 2-month note for the remaining balance. The truck is expected to depreciate $4,920 each year. Blue Spruce Company prepares monthly financial statements Prepare the general journal entry to record the acquisition of the delivery truck on June 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) Account Titles and Explanation New Mode - Delay - - - Prepare any adjusting journal entries that should be made on June 30. (Credit account titles are automatically indented when the amount is entered Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) Date Account Tities and Explanation Debit Credit June 30 June 30 Help Mode - Delay - R Show how the delivery truck will be reflected on Blue Spruce Company's balance sheet on June 30. Blue Spruce Company's Balance Sheet Assets List of Accounts Focus DO E
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