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Journal entry for. 1.Delivery truck purchased, cash paid $5000 and 6% note issued for remaining $25000 to be paid in 36 equal monthly payments 2.

Journal entry for.

1.Delivery truck purchased, cash paid $5000 and 6% note issued for remaining $25000 to be paid in 36 equal monthly payments

2. Collected $7,000 on accounts receivable.

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