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Culver Company purchased a delivery truck on June 1 for $35,400, paying $11.800 cash and signinga 6%,2-month inote for the remaining balance. The truck is

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Culver Company purchased a delivery truck on June 1 for $35,400, paying $11.800 cash and signinga 6%,2-month inote for the remaining balance. The truck is expected to depreciate $7,080 each year. Culver Company prepares monthly financial statements. (a) Prepare the general journal entry to record the acquisition of the delivery truck on June 1 . (Credit account tities are automatically Indented when the amount is entered, Do not indent manualiy. If no entry is required, select "No entry" for the occount bitles and enter O for the amounts]

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