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Question 2 [5 points] On July 10, 2014, Stake Technology Inc. purchased trucks and boats for a total price of $540,000, paying cash of $80,000
Question 2 [5 points] On July 10, 2014, Stake Technology Inc. purchased trucks and boats for a total price of $540,000, paying cash of $80,000 and borrowing the balance from the bank to be repaid within 7 years. The bank appraised the trucks at $245,000 and the boats at $245,000 Enter an appropriate description, and enter the date in the format dd/mmm (ie., 15/Jan) General Journal Page GJ2 Date Account/Explanation F Debit Credit
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