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PORN Accounts and Nates Payable Described below are certain transactions of Lamar Company for 2018: 1 On May 10, the company purchased goods from Fox

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PORN Accounts and Nates Payable Described below are certain transactions of Lamar Company for 2018: 1 On May 10, the company purchased goods from Fox Company for $75.000, terms/30 2 On June 1, the company purchased equipment for $150.000 from Rao Company, paying $50,000 in cash and in a one year not for the balance 3 On September 30, the company received $270,000, by signing a one-year pro-interest-bearing note of $300.00 at Virginia State Bank

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