Bought two used delivery trucks at the start of the year at a cost of $12,000 each; paid $3,500 cash and signed a note due in three years for $20,500 (ignore interest). Record the transaction. Note: Enter debits before credits. Transaction C Record entry General Journal Notes Payable (long-term) Clear entry Debit Credit 3,500 20,500 View general journal

Bought two used delivery trucks at the start of the year at a cost of $12,000 each; paid $3,500 cash and signed a note due in three years for $20,500 (ignore interest). Record the transaction. Note: Enter debits before credits