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Data for the next 3 questions Sara Company purchased a delivery truck at $40,000 plus 8% sales taxes. Sara paid $5,000 in cash and financed
Data for the next 3 questions Sara Company purchased a delivery truck at $40,000 plus 8% sales taxes. Sara paid $5,000 in cash and financed the rest at 6% requiring 36 equal monthly payment at the end of each month. Q4. Provide the journal that must be made on purchase date Account Debit Credit Q5. Complete partial Loan Amortization Schedule in the space provided below. Title: Payment # 96. Provide the necessary journal entry that company must make for 2xd monthly payment Debit Account Credit
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