A company purchased equipment for use in the business at a cost of $36,000, one-fourth was paid in cash, and the company signed a note for the balance. The journal entry to record this transaction will include a:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company purchased equipment for use in the business at a cost of $36,000, one-fourth was paid in cash, and the company signed a note for ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
There has been a recall on one of the products your company manufactures. The company fears that if it has to replace too many of the recalled units, it will have to cancel executive bonuses this holiday season.
No Answers
What will happen if the value of the american dollar decreases
Answers (2)
Prices become higher when a unique and highly desirable item is auctioned because the
Answers (1)
Which is the best way to avoid market risks?
Answers (1)
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in Units 370 410 430 370 Each month's ending finished goods inventory should be 30% of the next month's sales.
Answers (1)
New Questions in Business
How will the general ledger accounts in the trial balance most likely differ if the company were a retail store rather than a wholesale company? how will they differ for a hospital or a government unit?
Answers (1)
Camilo's property, with an adjusted basis of $155,000, is condemned by the state. Camilo receives property with a fair market value of $180,000 as compensation for the property taken. a. What is Camilo's realized and recognized gain? b.
Answers (1)
A decrease in resource prices will increase the incentive of users to purchase the resource. suppliers to provide more of the resource. firms to find and develop substitutes for the resource.
Answers (1)
Garden Company purchased merchandise on account from Parker Company for $88,000 with terms 1/15, net 45. Garden Company returned $12,000 of the merchandise and received full credit from Parker Company.
Answers (1)
Money is a productive asset. Its opportunity cost is: A) The time value of money. B) Valuation. C) Inflation. D) Replacement cost. E) Depreciation.
Answers (1)