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On 1st January 2022 , Ronsdale purchased another new machine and payment is settled by signing a note payable. Below are the expenditures in acquiring

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On 1st January 2022 , Ronsdale purchased another new machine and payment is settled by signing a note payable. Below are the expenditures in acquiring the machine. 5 BHMH2101 Financial Accounting 2021-22 S3 Assignment 2 (a) How much is the acquisition cost of this machine? (4 marks) (b) Prepare journal entries to record purchase of the machine. (2 marks)

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