thank you!

Suppose the purchase of the car on June 1, Year 1, was made by a company. How would the company record the purchase of the car by issuing the $48,000 installment note and paying cash of $2,000. (Hint: To record the car, assume the company uses the Equipment account). (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Show less View transaction list 1 Journal entry worksheet 1 Record the purchase of the car by issuing the $48,000 Installment note and paying cash of $2,000 Note Enter debits before credits Dale General Journal Debit Credit June 01