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how do u journalize these transactions 20 January 21 22 Purchased $20,000 in accounting technology (assets) for the business. Paid 10% down and signed a
how do u journalize these transactions 20 January 21 22 Purchased $20,000 in accounting technology (assets) for the business. Paid 10% down and signed a three- year, 8% Promissory Note (Note Payable) for balance. Principal payments and accrued interest are due in December of current and future vears 23 63 December 209 210 211 212 Paid installment (1/3rd of principal) on note payable from accounting technology purchase in January plus accrued interest at 8%. See transaction 5
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