Question
What is the journal entry for this? NewCo bought a delivery truck, financed by Wells Fargo Bank. Paid $2,000 cash down, and owes $18,000. The
What is the journal entry for this?
NewCo bought a delivery truck, financed by Wells Fargo Bank. Paid $2,000 cash down, and owes $18,000. The truck cost $18,000, with sales tax of $1,440, and first year license $560, with monthly payments of $500.00 per month with interest at an annual rate of 5%.
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The Sixth International Congress On Accounting 1952
Authors: Various
1st Edition
0367512807, 9780367512804
