Debra Company purchased a production equipment for factory for $50,000 plus 8% sales taxes. Debra paid $5,000 in cash and financed the rest at 6% requiring 40 equal monthly payments at the end of each month. Provide the journal entry that must be made on purchase date of the truck. Example of Answer: A5678.200 A15000.00D Two Decimal Points. No comma, space, or dollar sign. Debra Company purchased a production equipment for factory for $50,000 plus 8% sales taxes. Debra paid $5,000 in cash and financed the rest at 6% requiring 40 equal monthly payments at the end of each month. Prepare a partial amortization schedule and provide the journal entry for the second payment on the instalment purchase. Example of Answer: A5678.200 A15000.00D Two Decimal Points. No comma, space, or dollar sign. 49000 - FV 36.17223 FV - 1354.63