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On December 1, 2017, Hogan Co. purchased equipment From WeeSellEquipment (WSE) invoiced for $400,000. Not including the following: Sales Tax (to be paid to the

On December 1, 2017, Hogan Co. purchased equipment From WeeSellEquipment (WSE) invoiced for $400,000. Not including the following:

Sales Tax (to be paid to the WSE) $40,000

Shipping (to be paid to FedEx) 10,000

Concrete slab necessary for equipment (to be paid to ABC) 30,000

Cash paid for 12 month prepaid maintenance concrete 12,000

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