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On August 20, 2014, Velor Inc. purchased automobiles and trucks for a total price of $530,000, paying cash. The bank appraised the automobiles at $282,000

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On August 20, 2014, Velor Inc. purchased automobiles and trucks for a total price of $530,000, paying cash. The bank appraised the automobiles at $282,000 and the trucks at $188 000 Enter an appropriate description, and enter the date in the format dd/mmm (.e., 15/Jan). General Journal Page GJ2 Date Account/Explanation F Debit Credit

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