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Shellhammer Company purchased a delivery truck. The total cash payment was $30,020, including the following items. Negotiated purchase price $24,000 Installation of special shelving 1,100
Shellhammer Company purchased a delivery truck. The total cash payment was $30,020, including the following items.
| Negotiated purchase price | $24,000 |
| Installation of special shelving | 1,100 |
| Painting and lettering | 900 |
| Motor vehicle license | 180 |
| Annual insurance policy | 2,400 |
| Sales tax | 1,440 |
| Total paid | $30,020 |
Calculate the cost of the delivery truck.
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College Accounting Chapters 1-12
Authors: Douglas McQuaig
10th Edition
1439038783, 978-1439038789
