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How do put put these into thr Debit anr Credit column below? 1. Acquisition of equipment (truck) Acquisition costs of trucks Company operates a retail

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How do put put these into thr Debit anr Credit column below? image text in transcribed
1. Acquisition of equipment (truck) Acquisition costs of trucks Company operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1 2020 The terms of each of the four trucks are described as follows: Truck # 1 has a list price of $ 15,000 and is acquired with a cash payment of $ $ 13,900 Debit Credit has alista Truck # 2 has a list price of $ 16,000 and is acquired for a down payment of $ 2,000 and a zero-interest-bearing note with a face amount of $ 14,000 The note is due April 1 2021 for such a borrowing, The company normally has to pay an interest rate of and the dealership has an incremental borrowing rate of 10% 8% Debit Credit Truck # 3 has a list price of $ 16,000 and is acquired in exchange for a computer system that the company carries in inventory. The computer system costs $ 12,000 and is normally sold by the company for $ 15,200 The company uses a perpetual inventory system. Debit Credit Truck # 4 has a list price of $ 14,000 and is acquired in exchange for a 1,000 shares of common stock of the company. The stock has a par value per share of $10 and a market price of $ 13 per share Debit Credit 1. Acquisition of equipment (truck) Acquisition costs of trucks Company operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1 2020 The terms of each of the four trucks are described as follows: Truck # 1 has a list price of $ 15,000 and is acquired with a cash payment of $ 13,900 Debit Credit Truck # 2 has a list price of $ 16,000 and is acquired for a down payment of $ 2,000 and a zero-interest-bearing note with a face amount of $ $ 14,000 The note is due April 1 2021 The company normally has to pay an interest rate of and the dealership has an incremental borrowing rate of 10% 8% for such a borrowing, Debit Credit 1

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