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On April 1, 2020, Clyde Barrow Company bought a delivery truck for $54,000 on a 8%, five-year installment note. Record the monthly journal entry to

On April 1, 2020, Clyde Barrow Company bought a delivery truck for $54,000 on a 8%, five-year installment note. Record the monthly journal entry to record the first payment on May 1st.

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